Business News
Singapore's main exports surge 35 per cent in October
Nov 16, 2010, 8:35 GMT
Singapore - Singapore's export growth accelerated in October, boosted by a jump in shipments to the European Union and the United States, government data released Tuesday showed.
Non-oil exports, which count for the majority of the city-state's exports, surged 35 per cent year-on-year in October after a 23-per-cent increase in September, the trade-promotion agency International Enterprise Singapore said.
Shipments to the European Union expanded by 70 per cent in October from the same month a year earlier while exports to the US climbed 72 per cent on the back of an increase in both electronic and non-electronic exports, it said.
On a month-to-month basis, Singapore's non-oil exports rose 5.8 per cent in October in contrast to a revised 4.7-per-cent decline posted in September, the agency said.
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