Singapore March exports jump due to gold, pharma shipments

The sharp jump in non-oil domestic exports (NODX) compared with a revised 3.1% rise the month before, data from trade agency Enterprise Singapore showed, and partly reflected base effects due to the downturn in the electronics industry last year.

SINGAPORE: Singapore's annual exports growth accelerated by 17.6% in March, blowing past expectations due to a jump in shipments of pharmaceuticals and gold, official data showed on Friday.

The sharp jump in non-oil domestic exports (NODX) compared with a revised 3.1% rise the month before, data from trade agency Enterprise Singapore showed, and partly reflected base effects due to the downturn in the electronics industry last year.