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5.5% Rise in July Exports is Fastest in 6 Months; Pharmaceuticals Lead Growth as Electronics Shipments Fall (Singapore)

This article was originally published in PharmAsia News

Executive Summary

Singapore exports expanded at their fastest pace in six months, as pharmaceuticals shipped to Europe and Japan offset a persistent slump in electronics. Non-oil domestic exports rose 5.5 per cent last month against the same period last year, accelerating from a 1.2 per cent increase in June. Sales of drug ingredients surged 45.3 per cent, leading a 20.3 per cent growth in non-electronics exports. In particular, shipments to Europe and Japan, where the chemicals are processed into pills and tablets, doubled. (Click here for more
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