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Singapore's September Exports Experience Unexpected Growth

Singapore's September Exports Experience Unexpected Growth

On October 16, International Enterprise Singapore announced that Singapore's exports staged an unexpected recovery in September, driven by strong performance in electronics exports.

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Singapore Immigration Economy: On October 16, International Enterprise Singapore stated that Singapore's exports witnessed an unexpected recovery in September, supported by robust electronics exports.

 

Singapore

 

Specific data indicates that Singapore's non-oil domestic exports (NODX) grew by 0.3% year-on-year in September, following an 8.4% decline in August. Economists had projected a 3.9% contraction for September. Singapore's electronics exports increased by 5.7% in September, while non-electronics exports fell by 1.9%. On a month-on-month basis, Singapore's exports grew by 2.8% in September, compared to a 4.6% decline in August, driven by growth in both electronics and non-electronics exports. Additionally, the data showed that non-oil re-exports slipped by 0.1%, following a 2.5% increase in August.

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