Singapore adapts to electronics trade shifts by focusing on high value-added activities

Singapore

DESPITE shifts in electronics trade flows, Singapore has adapted by focusing on high value-added activities in the global supply chain, helping to cement its position as a trade hub.

While increased US-China trade barriers and technological restrictions in the last wo years have raised the prospect that China and Asia's China-centric electronics production network will cede market share in the US market, at this juncture the Asian supply chain is more mature, accounting for a dominant share of global electronics production, in both final and intermediate goods.