Singapore’s non-oil domestic exports increased at a faster-than-expected pace in January, data from the International Enterprise Singapore showed Thursday.
NODX registered a double-digit growth of 13.0 percent year-over-year in January, well above the 3.1 percent rise in December. Economists had expected a 8.7 percent rise for the month.
Non-electronic NODX jumped 20.7 percent after expanding 6.8 percent in November.
Meanwhile, exports of electronic products declined 3.9 percent, following a 5.3 percent fall in the prior month.
On a monthly basis, NODX decreased a seasonally adjusted 0.3 percent from November, when it declined by 1.9 percent.