Singapore's key trade and export forecasts raised after better-than-expected growth in Q1

Key electronics shipments increased 14.8 per cent for the first quarter. - ST

SINGAPORE (The Straits Times/ANN): Official forecasts for Singapore's key exports and overall merchandise trade have been raised, amid better-than-expected growth seen in the first quarter of 2021.

Non-oil domestic exports (Nodx) are now expected to expand between 1 per cent and 3 per cent for the year, up from 0 per cent to 2 per cent. Total trade is predicted to increase 5 per cent to 7 per cent, higher than the 2 per cent to 4 per cent forecast in February.