SINGAPORE: Singapore's non-oil domestic exports rose by 6.1% in December from a year earlier, government data showed on Friday, led primarily by non-monetary gold and supported by electronic products such as integrated circuits and disk media products.
The export growth compared with a Reuters poll forecast of a 10% increase and followed a revised rise of 11.5% in November.
Among key markets, exports to China and Taiwan rose, while shipments to Japan and United States were lower than a year earlier, Enterprise Singapore said. In December, the Trade Ministry said annual economic growth for 2025 came in at 4.8%, well ahead of its November forecast of around 4.0% and a previous range of 1.5% to 2.5%.
Enterprise Singapore narrowed its non-oil domestic exports growth forecast for 2025 to around 2.5% from growth of 1% to 3% in November, as it expected robust AI-related demand and high gold prices to provide some support to shipments in the fourth quarter. - Reuters
