Singapore SMEs beat global average in export value per firm

Singapore

IT looks like Singapore's small and medium-sized enterprises (SMEs) have been busy selling their wares overseas - running up the highest average annual exporting revenue per company of US$2.21 million.

The global average: US$1.5 million.

A study commissioned by FedEx Express, titled "Global Trade in the Digital Economy: Opportunities for Small Businesses", found that exporting revenues made up 87 per cent of these companies' overall revenue.

The findings came from 9,000 interviews done in 17 markets; 512 of those interviews were done in Singapore. N…