Singapore November exports unexpectedly jump as shipments to China, EU surge

A container vessel docks at the Tanjong Pagar Terminal in Singapore.
Suhaimi Abdullah | Getty Images

Singapore's exports unexpectedly jumped in November from a year earlier, helped by an rise in shipments to the European Union and China, official data showed on Friday.

Non-oil domestic exports (NODX) last month rose 11.5 percent from a year earlier, the trade agency International Singapore (IE Singapore) said in a statement.

The median forecast in a Reuters poll was for a contraction of 3.0 percent.

On a month-on-month, seasonally adjusted basis, non-oil domestic exports soared 13.1 percent in November, IE Singapore said, well ahead of the median forecast of 0.5 percent growth.

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