Singapore's non-oil domestic export growth quickened sharply in May, data from Enterprise Singapore showed Wednesday.
Non-oil domestic exports grew 38.4 percent year-over-year in April, much faster than the 24.4 percent rise in the previous month. Economists were looking for a growth of 30.0 percent.
Exports of electronic products grew 94.8 percent in May from last year, driven by robust AI-related demand. Exports of disk media products jumped 227.8 percent, and those of ICs and PCs climbed by 80.9 percent and 140.9 percent, respectively.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.