新加坡1月份非石油国内出口连续第五个月增长

Core Insights - Singapore's non-oil domestic exports (NODX) grew by 9.3% year-on-year in January, marking the fifth consecutive month of growth despite global trade uncertainties [1][2] - The growth in January was driven primarily by a significant increase in electronic product exports, which surged by 56.1% compared to a 24.9% increase in December, attributed to strong demand related to artificial intelligence and a low base effect [2] - Non-electronic product exports, however, saw a decline of 3.0% in January, contrasting with a 0.8% growth in the previous month [2] Export Performance - January's NODX growth was supported by increases in exports to China, Hong Kong, and the 27 EU countries, while exports to the United States and Indonesia decreased [2] - Recent adjustments to Singapore's export forecasts for 2026 reflect a resilient trade performance in the previous year [2] Manufacturing Outlook - Economists anticipate that the manufacturing sector will remain resilient due to the ongoing artificial intelligence boom and regional demand [3] - RHB Bank's Barnabas Gan indicated that the strengthening of both electronic and non-electronic product exports will partially support manufacturing and trade activities [3]