Summary

Singapore’s key exports rose 9.3% in January, driven by a 56.1% surge in electronics exports, particularly integrated circuits and disk media products. While non-electronics exports declined, particularly to the US and Indonesia, exports to China, Hong Kong, and Europe saw significant growth. Analysts predict a slight contraction in February due to the Chinese New Year but expect a rebound in March, with overall export growth driven by strong AI-related demand.

https://www.straitstimes.com/business/economy/singapore-key-exports-rose-9-3-in-january-with-electronics-fuelled-by-ai-demand?ref=top-stories