SINGAPORE — Singapore’s non-oil domestic exports rose 15.7 percent in July from a year earlier, data on Friday showed, with both electronic and nonelectronic exports growing.
The rise compared with a Reuters poll forecast of a 1.2-percent increase in shipments, and followed a downwardly revised 8.8-percent contraction in June.
On a month-on-month seasonally adjusted basis, non-oil domestic exports increased by 12.2 percent in July, stronger than the forecast rise of 2.2 percent in the Reuters poll.
Enterprise Singapore said non-oil exports to Malaysia rose 49.1 percent from a year earlier, led by exports of computer peripherals, integrated circuits and nonmonetary gold.
Shipments to the United States rose 28.9 percent, and those to China were up an annual 21.1 percent, while non-oil exports to the European Union, Japan, Hong Kong and South Korea fell.
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