AI-related demand boosts Singapore exports in April
Singapore's exports rose nearly 25 percent in April compared to the same month the previous year as strong demand for AI-related products outweighed the effects of the Middle East crisis, official data showed Monday.
Non-oil domestic exports posted forecast-beating 24.5 percent growth that extended the 15.3 per cent rise recorded in March, said Enterprise Singapore, a government body helping local firms expand globally.
As an export-oriented economy with a small domestic market, Singapore is usually seen as a bellwether for international trade.
"Electronics (exports) continued to expand, supported by robust AI-related demand," Enterprise Singapore said.
