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

Sharon See
Published Thu, Mar 17, 2022 · 04:40 PM

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.

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