SINGAPORE: Singapore's non-oil domestic exports rose 10.7 per cent in August from the same month a year earlier, data on Tuesday showed, buoyed by a rise in both electronic and non-electronic products.
Last month's growth compared with a Reuters poll forecast of a 15 per cent increase, and extended the 15.7 per cent expansion in July.
On a month-on-month seasonally adjusted basis, non-oil domestic exports fell 4.7 per cent in August, following July's 12.2 per cent expansion. That was steeper than analysts' predictions for a 3.3 per cent decline.
Among key markets, the largest contributors to the export growth were Hong Kong, China and Malaysia, while shipments to Europe and Japan declined, Enterprise Singapore said.
Exports to Hong Kong expanded by 70.6 per cent from a year earlier due to integrated circuits, non-monetary gold and disk media products.
Exports to China grew 18.8 per cent due to specialised machinery, non-monetary gold, and pharmaceuticals.