Asia Economy

Singapore's December exports rise 6.8%, beating forecasts

Key Points
  • Singapore's December non-oil domestic exports (NODX) increased 6.8% from a year earlier, official data showed on Monday, due to a rise in shipments of electronics as well as non-electronics such as specialized machinery and non-monetary gold.
  • The rise followed a 5.0% decrease in November.
  • Economists had expected a 0.3% increase according to the median of 7 estimates.
Shipping containers stand on the quayside near empty docking terminals at Singapore port in Singapore, on March 27, 2020.
Lauryn Ishak | Bloomberg | Getty Images

Singapore's December non-oil domestic exports (NODX) increased 6.8% from a year earlier, official data showed on Monday, due to a rise in shipments of electronics as well as non-electronics such as specialized machinery and non-monetary gold.

The rise followed a 5.0% decrease in November.

Economists had expected a 0.3% increase according to the median of 7 estimates.

On a seasonally adjusted month-on-month basis, exports rose 6.6% in December, extending the prior month's 3.7% expansion, Enterprise Singapore said in a statement.

Economists had forecast a 3.6% rise.