Singapore Non-Oil Domestic Exports Rose 5.9% in September

By Ronnie Harui

SINGAPORE--Singapore's non-oil domestic exports rose 5.9% in September from a year earlier, driven mainly by electronics.

The result was below the median estimate of 12 economists surveyed by The Wall Street Journal, which projected a 10.15% increase, and compared with a rise of 7.7% in August.

Exports of electronics jumped 21.4% in September after expanding 5.7% in August, while non-electronics shipments grew 1.8% following 8.3% growth, Enterprise Singapore said Friday.

Amid non-electronic products, non-monetary gold surged 53.4%, specialized machinery jumped 34.2%, food preparations climbed 30.7% and pharmaceuticals slumped 27.3%.

Shipments to the European Union soared 60.5% in September after climbing 30.2% in August, while exports to Malaysia jumped 28.8% compared with a 5.1% decline.

Exports to the U.S. rose 3.7% in September after gaining 14.0% in August, while shipments to Japan increased 5.4% after rising 5.2%. Exports to China edged 0.3% higher after climbing 24.2%.

Measured on month, exports contracted 11.3% in seasonally adjusted terms in September, after gaining 10.5% in August. Eight economists surveyed by The Wall Street Journal had a median projection for a 4.05% contraction.

Write to Ronnie Harui at [e-mail]

(END) Dow Jones Newswires

10-15-20 2049ET