Singapore (VNA) – Singapore’s non-oil domestic exportreached higher – than – expected 8.6 percent in January, becoming the thirdstraight expanding month since last November, said the International Enterprise(IE).

On month-on-month, seasonally adjustedbasis, export turnover of Singapore rose 5 percent, reversing from a decline of2.4 percent in the previous month.

Both electronic and non-electronic exports grewin January, in which electronic shipments increased by 6.1 percent, mostly dueto IC, computer parts and disks. 

Non-electronic goods was up 9.9 percent, drivenby the expansion of specialised machinery, petrochemicals and non-monetarygold. 

Shipments of Singapore’s top ten markets rose,except the European Union (EU) and Malaysia. China remained the biggest partnerof the Southeast Asian country with an export expansion of 36.9 percent,followed by Taiwan (China) with 75.3 percent and the Republic of Korea with51.5 percent.

According to IE, non-oil re-exports of thecountry increased by 1.5 percent in January, due to the growth in electronicand non-electronic sectors.

IE forecasts Singapore’s 2017 exports to grow from 0-2 percent, while the totalmerchandise trade will increase between 4 and 6 percent.

For the whole of 2016, Singapore’s exports declined by 2.8 percent, compared tothe 1.5 percent growth in 2015 while non-oil re-exports decreased by 3.1percent.- VNA