星展：新加坡非石油国内出口近期表现可能波动

Core Viewpoint - The recent performance of Singapore's non-oil domestic exports may experience fluctuations due to seasonal effects related to the Lunar New Year, with a notable increase driven by electronic product exports [1] Group 1: Electronic Products - The growth in non-oil domestic exports in January was significantly propelled by a surge in electronic product exports [1] - The strong performance of electronic exports is expected to continue, supported by favorable global factors related to artificial intelligence and sustained demand for server products and storage chips [1] Group 2: Non-Electronic Products - Non-electronic non-oil domestic exports may face downward pressure due to the ongoing impact of higher tariffs imposed by the United States globally [1]