Singapore exports expected to stay buoyant but Ukraine war, China lockdowns pose headwinds

DEMAND for Singapore's key exports such as electronics could stay buoyant ahead, but economists are also warning of headwinds from the Russia-Ukraine war and China's localised lockdowns.

The growth of non-oil domestic exports (NODX) in February eased to its slowest in 6 months at 9.5 per cent year on year, down from the previous month's 17.6 per cent expansion, according to data from Enterprise Singapore on Thursday (Mar 17).

This surprised private-sector economists who predicted a 16.5 per cent increase, according to a Bloomberg poll.