Singapore December exports jump 9.4% y/y, top expectations

Stacked containers sit among gantry cranes at Tanjong Pagar Container Terminal at the Port of Singapore in Singapore.
SeongJoon Cho | Bloomberg | Getty Images

Singapore's non-oil exports rose more than expected in December from a year earlier as shipments to China jumped, official data showed on Tuesday.

Non-oil domestic exports (NODX) last month rose 9.4 percent from a year earlier, the trade agency International Singapore (IE Singapore) said in a statement.

The median forecast in a Reuters survey was for a 5.8 percent year-on-year rise in December.

On a month-on-month, seasonally adjusted basis, NODX rose 1.0 percent in December, IE Singapore said. The median forecast was a contraction of 5.5 percent.

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