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<Econ> Singapore Apr Non-Oil Domestic Exports +24.5% YoY, Far Exceed Expectations
Singapore's Department of Statistics announced that Singapore's non-oil domestic exports in April rose 24.5% YoY, far exceeding market expectations, compared with a 15.3% increase ...
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<Econ> Singapore Apr Non-Oil Domestic Exports +24.5% YoY, Far Exceed Expectations
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Singapore's Department of Statistics announced that Singapore's non-oil domestic exports in April rose 24.5% YoY, far exceeding market expectations, compared with a 15.3% increase in the previous period. Electronic exports continued to expand, supported by AI-related demand, mainly involving IC (integrated circuits), disk media products and personal computers. Non-electronic exports also recorded growth.

During the period, Singapore's non-oil domestic exports to the US, Mainland China and Hong Kong in April increased 59.6%, 37.8% and 63.2% YoY, respectively.

Singapore's total merchandise trade in April rose 33.1% YoY, compared with a 38.3% increase in the previous period. Total exports and total imports grew 31.8% and 34.7%, respectively. (da/u)

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