Global Demand Boosts Singapore Exports


Singapore's non-oil domestic exports in July rose from a year earlier for a third straight month, supported by strength in electronics exports, according to a Reuters poll.

The country's trade-reliant economy grew faster than initially estimated in the second quarter, with a rebound in services suggesting a broader and more balanced recovery after a stumble early in 2017.

Economists’ forecasts showed that non-oil domestic exports were to increase by 9.9% on an annual basis, but exports increased 8.2% from a year earlier in June and edged up by a revised 0.4% in May.

The Reuters poll found that on a month-on-month and seasonally adjusted basis, non-oil domestic exports shrunk 0.4% in July after falling 2.7% in June.


The Maritime and Port Authority of Singapore's stats for the country's total cargo throughput:

* Preliminary Estimates

Malaysian port developments are on track to enable more Singapore trade to be handled at key ports.Singapore and other Asian economies that are highly dependent on trade have gained a big boost this year from an improvement in global demand, particularly for electronics products and components such as semiconductors.

Technical Paper: ‘Kra’ Canal to alter World’s Busiest Shipping Route?

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