Singapore’s Key Exports to China Rise Most Since Dec. 2021 (1)

Singapore’s non-oil domestic exports to China rose 26.2% from a year earlier in September, the largest annual growth in nearly two years.

Shipments to the Mainland topped all countries with a total of S$2.66 billion ($1.94 billion) last month, while overall total trade declined by 13.2% marking the twelfth straight month of contraction.

The surge in exports to China is partly due to a low base in the previous year, when headwinds in the global economy started to reduce exports in the city-state.

Earlier this week, Singapore reported its economy expanding 1% in the third quarter from the previous three ...