Singapore Feb exports strongest in 5 years, beat forecasts

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

Singapore's non-oil domestic exports (NODX) in February rose 21.5 percent from a year earlier, boosted by an increase in electronics and petrochemical shipments, official data showed on Friday, much faster than forecasts.

On a month-on-month, seasonally adjusted basis, non-oil domestic exports (NODX) rose 1.4 percent in February, the trade agency International Enterprise Singapore (IE Singapore), said in a statement.

A Reuters poll of 12 analysts forecast exports would grow 12.8 percent from the year before, and expand 0.8 percent month-on-month.

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