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Singapore's key exports, led by electronics, rebound 6.9% in September; much stronger than forecast

LaksaNews

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Non-oil re-exports rose by 21.2 per cent in September, extending August's 12 per cent growth, with both electronics and non-electronic products growing.

Electronic re-exports expanded by 26.8 per cent in September, continuing the previous month's growth of 21.8 per cent.

EnterpriseSG attributed the expansion to integrated circuits, telecommunications equipment and personal computers, which grew by 33.7 per cent, 57.9 per cent and 93 per cent respectively.

Non-electronic re-exports grew by 13.3 per cent in September, following the 0.8 per cent increase in August.

The growth in non-electronic re-exports was due to non-electric engines and motors, specialised machinery, and non-monetary gold, which grew by 40.1 per cent, 17.5 per cent and 30 per cent respectively, said EnterpriseSG.

The country's exports and imports grew at 14.9 per cent in September, following the 2.9 per cent increase in the preceding month.

Total exports grew by 15 per cent, after the previous month's 1.8 per cent increase, mainly driven by both non-oil and oil exports at 16.9 per cent and 4.7 per cent respectively.

Meanwhile, total imports rose by 14.8 per cent, after August's 4 per cent increase.

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