Data released on Friday by Enterprise Singapore indicated a consecutive rise in Singapore's non-oil domestic exports for the month of December.
In November, non-oil domestic exports experienced a significant year-over-year increase of 9.0 percent, surpassing the revised growth figure of 3.4 percent from the preceding month. This growth outpaced economists' expectations, which projected a 7.40 percent rise.
The export performance for non-electronic goods saw a 6.6 percent increase in November year-over-year, reversing an earlier 1.6 percent decline from the previous month. Meanwhile, the growth rate for electronic product shipments moderated to 18.6 percent, down from 23.1 percent.
On a month-to-month comparison, non-oil domestic exports saw a modest rise of 1.7 percent in November, a notable slowdown from the 14.5 percent growth observed in October. This monthly increase was driven by contributions from non-electronic exports, even as electronic exports experienced a decline.
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