Singapore's January exports rise 9.3%, electronic shipments lifted by AI demand

Government

The increase was led by electronics shipments. SINGAPORE: Singapore’s non-oil domestic exports (NODX) rose by 9.3 per cent in January from the same month a year earlier, Enterprise Singapore (EnterpriseSG) said on Monday (Feb 16). The increase was led by electronics shipments, which grew 56.1 per cent in January - more than double the previous month’s growth. This was driven mainly by strong AI-related demand and a low base. Export growth was lower than expected, compared with a Reuters poll