SINGAPORE- Singapore’s non-oil domestic exports fell 2.1 percent in January from the same month a year earlier, data on Monday showed, led by a drop in non-electronic exports. s
The increase compared with a Reuters poll forecast of a drop of 1.1 percent and followed a 9.0 percent rise in December 2024.
Enterprise Singapore did not include details of the month-on-month seasonally adjusted change in exports in its statement.
Among major markets, non-oil domestic exports to Hong Kong, the United States and Taiwan rose in January from a year earlier, while they fell to China, the European Union and Indonesia, Enterprise Singapore said in a statement.
On Friday, Enterprise Singapore said it expected non-oil domestic exports to grow between 1 percent and 3 percent this year, but said significant uncertainties in the global economy could pose downside risks to that forecast.
