Singapore March exports beat expectations as trade recovery widens

SINGAPORE (April 17): Singapore's on-year export growth beat expectations in March, thanks to a surge in petrochemical and pharmaceutical shipments, a sign the city-state's trade recovery is widening to non-electronic sectors.

Non-oil domestic exports (NODX) in March rose a more-than-expected 16.5% from a year earlier, data from trade agency International Enterprise Singapore showed on Monday.

From the previous month, exports fell a seasonally-adjusted 1.1%, a smaller-than-expected decline.

---

Related Stories

• Can SGX afford to wait up to a year for reforms?
• Institutions to edge further into digital finance, focus on risk mitigation: Moody’s Ratings
• RHB raises target price for SGX to $12.80 from $11.40, citing higher than expected trading volume

---