Exports soared by 15.9% in June | Singapore Business Review - The Latest News, Headlines, Insight, Commentary & Analysis

Exports soared by 15.9% in June

Top export destinations were Taiwan, the EU, and Mainland China.

Exports expanded by 15.9% in June, driven by non-electronic exports.

This was a sharp increase from the 8.6% expansion recorded in May.

Non-electronic exports expanded by 13.2% in June, driven by a 51.2% growth in petrochemicals and a 43.2% growth in specialised machinery.

Electronic exports expanded by 25.5%, driven by a massive 130.2% increase in PC exports.

Taiwan, the EU 27, and China were the top contributors to the exports rise, expanding by 41.4%, 36.7%, and 27.6%, respectively. On the other hand, exports to the US, Japan, and Malaysia declined. Rounding up the top ten export markets are South Korea, Hong Kong, Thailand, and Indonesia.

Imports increased by $1.3b in June, to $7.3b compared to May’s $6b.

Total trade expanded by 25% in June, as both exports and imports rose. Total exports rose by 22.3%, whilst total imports grew by 28.3%.

Get Singapore Business Review - The Latest News, Headlines, Insight, Commentary & Analysis in your inbox
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

And SG, US affirm American presence in Southeast Asia as “vital.”
This chart from the inaugural Independent Reserve Cryptocurrency Index shows that more than 50% of Singaporeans believe Bitcoin’s value will increase past $50,000 in 2030.
This included one-off partial distribution of divestment gains of S$20m.
This is attributed to the lower rental reliefs to retail tenants at Festival Walk and higher average occupancy from IXINAL Monzen-nakacho Building.
The Tripartite Committee on Workplace Fairness targets to complete its work by H1 2022.
A total of 811 condos were sold in the last quarter, the highest since Q4 2010.
The SMAs are focused on global infrastructure projects.
The company said their income was driven by its latest acquisitions.
The Jobs Support Scheme has been extended to 18 August.
The bank is now allowing small- and medium-sized enterprises to avail the loan digitally.
Inflation for all items meanwhile remained unchanged at 2.4% YoY.
SMEs that qualify for the UOB Start digital pack will be offered six months of free access.
This was supported by grants extended by the government, such as the Jobs Support Scheme.
The group’s profits after tax ballooned by as much as 138.4%.