Demand for electronics and pharmaceuticals from major economies such as U.S. and Europe has helped boost Singapore's exports, reports the Wall Street Journal.
August exports to the U.S. were up 42.7% from a year earlier, after a 30.1% rise in July, while exports to China grew 36%, up from a 34% rise the previous month.
Shipments to the EU more than doubled from a year earlier, accelerating from July's 27.2% growth, with pharmaceuticals more than doubling.
According to the Journal, electronics shipments grew 34.9% year-to-year, accelerating from July's 25.7% gain, while nonelectronic exports increased 29%. Among nonelectronics exports, pharmaceuticals rose 64.7% rebounding from a 22.3% drop.
MORE ARTICLES ON EXPORTS