The growth in Singapore’s non-oil domestic exports accelerated at the start of the year, data from Enterprise Singapore showed on Monday.
Non-oil domestic exports surged 9.3 percent year-over-year in January, faster than the 6.1 percent increase in the previous month. This was the fifth successive monthly rise. The expected expansion was 13.5 percent.
Electronics exports jumped 56.1 percent in January from last year, driven by strong AI-related demand and a low base a year ago. Outflows of ICs grew 80.5 percent, and disk media products advanced by 70.2 percent. PCs also logged strong foreign demand at 24.0 percent.
Meanwhile, non-electronics shipments declined 3.0 percent versus a 0.8 percent increase a month ago.
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