Singapore Apr Non-Oil Domestic Exports +24.5% YoY, Far Exceed Expectations
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Singapore's non-oil domestic exports surged 24.5% YoY in April, surpassing expectations. Electronic exports, driven by AI demand, led the growth, particularly in integrated circuits and personal computers. Exports to the US, Mainland China, and Hong Kong rose significantly, with increases of 59.6%, 37.8%, and 63.2% YoY, respectively. Total merchandise trade also grew by 33.1% YoY.
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