Singapore’s key exports surprise again with 22.2% surge in October, beating forecasts
Sales to most markets grow, fuelled by both electronics and non-electronics; but those to US contract 12.5%, leading falls
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[SINGAPORE] Robust artificial intelligence (AI)-related demand underpinned the Republic’s strong export showing in October, said economists, though they remained cautious over the outlook for 2026.
Non-oil domestic exports (NODX) surged 22.2 per cent year on year last month, extending the 7 per cent expansion clocked in September, data from Enterprise Singapore (EnterpriseSG) showed on Monday (Nov 17).
The performance surprised private-sector economists, who had anticipated a 7.5 per cent growth on a yearly basis in a Bloomberg poll. Several were prompted to upgrade their full-year NODX forecasts.
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