SINGAPORE: Singapore's non-oil domestic exports rose by 11.6% in November from the same month a year earlier, government data showed on Wednesday, led primarily by pharmaceuticals and supported by electronic products, such as integrated circuits and PCs.
The export growth compared with a Reuters poll forecast of a 7.0% increase, and followed a revised rise of 21.7% in October.
Among key markets, exports to the U.S., European Union and Taiwan rose strongly, while shipments to Thailand and Japan were markedly lower than a year earlier, Enterprise Singapore said.
In November, Enterprise Singapore narrowed its 2025 non-oil domestic exports growth forecast to "around 2.5%" from growth of 1% to 3%, as it expected robust AI-related demand and high gold prices to provide some support to shipments in the fourth quarter.
The Trade Ministry expects GDP growth to be "around 4.0%" this year. - Reuters
