SINGAPORE – Singapore’s export engine continued to power ahead in April despite the Iran war, making for an eighth straight month of growth.Non-oil domestic exports surged 24.5 per cent in April compared to a year earlier, extending the 15.3 per cent growth in March.The growth surpassed the 11.6 per cent forecast made by analysts in a Bloomberg poll.Electronic NODX soared 66.7 per cent year on year in April from 73.9 per cent in March, propelled by robust artificial intelligence-related demand.Demand for integrated circuits or chips grew by $1.5 billion, disk media products by $0.7 billion and personal computers by $0.3 billion.Non-electronic NODX expanded 10.9 per cent in April compared to a 0.6 per cent contraction in March. The growth in April was driven by demand for pharmaceuticals, which grew by $0.8 billion, rising from a low base a year ago, as well as specialised machinery and measuring instruments.Shipments to the United States grew 59.6 per cent due to pharmaceuticals, disk media products and measuring instruments.NODX to China expanded by 37.8 per cent, driven by specialised machinery, non-monetary gold and ICs.Key exports to South Korea climbed 71.2 per cent on ICs, specialised machinery and PCs.
Singapore key exports accelerate in April, surging 24.5% on AI-related demand
The growth beat the 11.6 per cent forecast by analysts. Read more at straitstimes.com. Read more at straitstimes.com.













