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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.<\/span><\/p>\n Electronics exports led the expansion, with electronic NODX rising 94.8 per cent in May, following a 66.7 per cent increase in <\/span>April<\/span>. The surge was largely fuelled by “robust AI-related demand” and driven mainly by integrated circuits, disk media products and PCs, said EnterpriseSG.<\/span><\/p>\n 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.\u00a0<\/span><\/p>\n Non-electronic exports also grew, rising 17.7 per cent in May after a 10.9 per cent increase in April. Pharmaceuticals, specialised machinery and non-monetary gold led the increase.<\/span><\/p>\n Non-oil re-exports (NORX) rose 33.6 per cent in May, extending April’s 29.6 per cent increase. The growth was also driven primarily by electronics.<\/span><\/p>\n Total merchandise trade grew 39.7 per cent in May, extending the 33 per cent rise in April. Total exports rose 36.1 per cent, while imports grew 43.6 per cent.<\/span><\/p>\n Among key markets, NODX to Taiwan, the United States and China rose in May, while shipments to Indonesia were lower than a year earlier, EnterpriseSG said.<\/span><\/p>\n