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Singapore

SINGAPORE ECONOMY
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Strong external outlook likely to benefit Singapore's exports

NODX in May rises 8.8% yoy; most economists fairly optimistic about export growth in the coming quarters

Sharon See

Sharon See

Published Fri, Jun 18, 2021 · 05:50 AM
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Singapore

SINGAPORE'S exports stayed resilient in May despite tightened Covid-19 restrictions, and economists believe the Republic is likely to continue riding on the global trade recovery despite some uncertainty ahead.

Non-oil domestic exports (NODX) in May rose 8.8 per cent year on year, extending the previous month's 6 per cent rally, according to Enterprise Singapore (ESG) on Thursday.

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