Singapore's trade surplus widened to $4.29b in February

NODX dropped 7.9% MoM.

According to Maybank Kim Eng, non-oil domestic exports (NODX) in Feb 2014 rebounded by +9.1% YoY (Jan 2014: -3.3% YoY; Consensus: +7.0% YoY).

From the previous month, NODX declined by -7.9% MoM (Jan 2014: -2.2% MoM) while the seasonally adjusted measure came in positive (s.a Feb 2014: +7.2% MoM; s.a Jan 2014: -5.0% MoM). Separately, Singapore’s trade surplus widened to SGD4.29b (Jan 2014: SGD 3.97b).

Here's more from Maybank Kim Eng:

Driven by demand from China and US. Shipments to China continued to chalk up double-digit growth for the seventh consecutive month (Feb 2014: +35.4% YoY; Jan 2014: +15.3% YoY) mainly on petrochemicals (+106.7% YoY), primary chemicals (+25.7% YoY) and pharmaceuticals (+820.4% YoY).

Exports to the U.S increased for the fourth straight month (Feb 2014: +22.3% YoY; Jan 2014: +5.3% YoY) indicating that demand from the world’s largest economy is weathering the severe winter.

Manufacturing PMI points to volatile NODX in the near term. The new manufacturing export orders moderated to 51.5 in Feb 2014 from 52.4 reported a month earlier, while the sub-index for electronics new export orders eased to 52.7 from 53.6.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia