Singapore August Exports Surge by 46.2 Percent

Singapores non-oil domestic exports grew by 46.2 percent in August compared to the previous year. The expansion marks five consecutive months of strong growth, driven largely by robust demand for electronic components and artificial intelligence technology.

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A view of the Brani container terminal in Singapore February 20, 2025. REUTERS/Edgar Su

Singapore's non-oil domestic exports surged 46.2% year-on-year in August, driven by relentless global demand for AI hardware. According to data released Thursday, the expansion marks the fifth consecutive month of growth exceeding 20%.

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