SINGAPORE: Singapore’s non-oil domestic exports (NODX) rose by 38.4 per cent in May from a year earlier, Enterprise Singapore (EnterpriseSG) said on Wednesday (Jun 17), extending the 24.4 per cent growth recorded in April.
Electronics exports led the expansion, with electronic NODX rising 94.8 per cent in May, following a 66.7 per cent increase in April. The surge was largely fuelled by “robust AI-related demand” and driven mainly by integrated circuits, disk media products and PCs, said EnterpriseSG.
Exports of integrated circuits rose 80.9 per cent year on year, while shipments of disk media products and PCs increased 227.8 per cent and 140.9 per cent respectively.
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