By Bing Hong Lok
SINGAPORE (Reuters) – Singapore’s non-oil domestic exports fell 2.1% in January from the same month a year earlier, data on Monday showed, led by a drop in non-electronic exports.
The increase compared with a Reuters poll forecast of a drop of 1.1% and followed a 9.0% rise in December 2024.
Enterprise Singapore did not include details of the month-on-month seasonally adjusted change in exports in its statement.
Among major markets, non-oil domestic exports to Hong Kong, the United States and Taiwan rose in January from a year earlier, while they fell to China, the European Union and Indonesia, Enterprise Singapore said in a statement.
On Friday, Enterprise Singapore said it expected non-oil domestic exports to grow between 1% and 3% this year, but said significant uncertainties in the global economy could pose downside risks to that forecast.
(Reporting by Bing Hong Lok; Editing by John Mair)
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