Singapore’s exports are likely to remain anaemic for some months as the export recovery has probably peaked and inventory restocking was mostly completed in 2010, Standard Chartered Bank economist Alvin Liew says in a note after government data show Singapore’s December export growth slows to 9.4% on year, compared with November’s 9.9% rise.
Posts Tagged ‘exports’
Singapore exports to gain on global recovery-action
January 17th, 2011 |
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Singapore’s December non-oil exports are broadly in line with consensus, with the strong rebound from the previous month signaling continued robust growth, says David Cohen of Action Economics after government data show seasonally-adjusted exports up 8.9% on-month after falling 13% on-month in November.
Singapore’s exports increase, capping best year since 2003
January 17th, 2011 |
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Singapore’s exports rose for a 14th month in December, rounding off the best annual performance since 2003, as a global economic recovery boosted demand for the island’s goods.
Non-oil domestic exports climbed 9.4% from a year earlier, after a revised 9.9% gain in November, the trade promotion agency said in a statement in Singapore today. The median forecast of 14 economists surveyed by Bloomberg News was for an increase of 11.1%. Overseas shipments rose about 23% in 2010, the most in seven years, based on Bloomberg’s calculations.
Singapore December non-oil exports +9.4% on-year
January 17th, 2011 |
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Singapore’s December non-oil exports are up 9.4% on-year, a tad slower than November’s 9.9% rise.
The result is lower than the 10.5% growth forecast in a Dow Jones poll of economists, due to a decline in electronics, computer hardware and pharmaceuticals shipments.
Singapore December exports likely +10.5% on-year
January 14th, 2011 |
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Singapore’s non-oil domestic exports likely rose 10.5% on-year in December vs a 10% gain in November mainly on increased demand for electronics and pharmaceuticals, according to a median estimate of 10 economists polled by Dow Jones.
“We have seen a relatively strong momentum of exports across the (Asia) region. Also, recent positive macro-economic data from the U.S. suggest that exports would have picked up in Singapore,” says Nomura economist Euben Paracuelle.
China cutting back on rare earths exports
December 29th, 2010 |
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China has announced it is cutting back on exports of rare earths, RFE/RL is reproting. The minerals are used in the manufacture of high-technology products such as mobile phones, flat-screen televisions, and low-emissions vehicles.
US threatens China with WTO case on rare earth exports
December 24th, 2010 |
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US trade officials Thursday threatened trade action against China over exports of rare earth materials, one day after embarking on a separate case before the World Trade Organization (WTO) against wind power subsidies. The office of the US Trade Representative (USTR) also accused China of a “troubling trend” towards state intervention into its economy in [...]
Singapore exports slam brakes but point to normal pace
December 17th, 2010 |
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Growth in Singapore’s key non-oil exports slowed sharply in November after shipments to the city-state’s most important markets declined, but analysts said the moderation was expected and points to a more sustainable pace of growth next year.
Exports rose 10% from a year earlier in November, compared with October’s 34.5% rise, trade promotion agency International Enterprise Singapore said Friday.
The print was less than half the median forecast for 22.8% growth in a Dow Jones Newswires poll of economists, and was lower than even the most conservative estimate in the poll.
S’pore Nov exports show growth back to normal: CIMB
December 17th, 2010 |
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A decline in the growth rate of Singapore’s exports isn’t worrying as it comes after the stronger-than-expected expansion last month while 2010 growth still looks to be robust, says CIMB economist Song Seng Wun; government data show November non-oil exports rise 10% on-year compared with 34.5% in October.
The number is less than half of the 22.8% expansion forecast in a Dow Jones poll of economists.
Indiaâ€s exports surge by 26.8 percent in November: Rahul Khullar
December 9th, 2010 |
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Trade and Commerce Secretary Rahul Khullar on Wednesday said India”s exports in November rose an annual 26.8 percent to 18.9 billion dollars, while imports for the month grew 11.2 percent to 27.8 billion dollars. “The exports numbers are good for November, $18.9 billion in November, with the caveat that the numbers are going to be [...]
Strong Singapore exports signal inflation – StanChart
November 16th, 2010 |
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Singapore’s better-than-expected 5.8% on-month growth in October exports, seasonally adjusted, vs 4.7% contraction in September signals stronger growth in 2010; main challenge for next 12 months will be fighting inflation, Standard Chartered economist Alvin Liew says.
Singapore October exports signal good start to 4Q – CIMB
November 16th, 2010 |
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Singapore exports grow faster than expected +34.5% on year vs downwardly revised +22.6% in August, signals 4Q trade, manufacturing off to a “decent” start, though growth momentum may slow, says CIMB economist Song Seng Wun.
“As fears of a double dip recede, there is a rush to fill the shelves ahead of the holiday season. The data show that while growth momentum is slowing, you do get flashes here and there,” Song says.
Singapore October exports +34.5% on-yr; above-view
November 16th, 2010 |
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Singapore October exports accelerate to 34.5% on-year vs downwardly revised +22.6% in August, +25.9% expected in Dow Jones poll of 6 analysts; signal 2H GDP unlikely to fall sharply.
On-month, exports +5.8%, seasonally-adjusted, vs 4.7% decline in September, 3.3% fall expected. Exports to major trading partners U.S., E.U., China higher in October, mainstay electronics, volatile pharmaceuticals both accelerate. Government to releases revised 3Q GDP estimate Thursday.
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Singapore exports likely to slow further – CIMB
October 18th, 2010 |
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Singapore exports likely to slow further as demand slows, advantage of favorable base erodes, says CIMB economist Song Seng Wun; tips 4Q exports in high single digits or “low teens” with further moderation in 1Q of 2011.
“We have seen the peak already. Exports may have topped out perhaps a little earlier this year and this was evident in the easing of shipping rates,” Song says after data show Singapore September non-oil domestic exports growth slows to 22.7% on year, vs August’s downwardly-revised +30.8%. Also, exports down 4.5% seasonally adjusted on month vs +9.8% in August.
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Singapore Sept exports +22.7% on-year; above expected
October 18th, 2010 |
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Singapore September non-oil domestic exports growth slows to 22.7% on year, vs August’s downwardly-revised +30.8%, signaling export-dependant island nation’s economy likely starting to be hurt by slowdown among U.S., E.U. buyers, says Dow Jones.
Singapore Aug exports surge; US, Europe demand strong
September 17th, 2010 |
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Singapore’s exports surged unexpectedly in August, with strong demand for electronics and pharmaceuticals from major economies like the US and Europe suggesting the global recovery remains on track.
But while shipments to the European Union more than doubled from year-earlier levels, the monthly numbers are volatile and don’t signal a strong pickup in developed economies, analysts said.
Singapore Aug exports +31.2%; Beats expectations
September 17th, 2010 |
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Singapore’s non-oil domestic exports +31.2%, beating +14.9% projected by Dow Jones poll of six economists, July’s +18.3% due to robust gains in electronics, pharmaceuticals output.
Data surprise could mean additional pressure for SGD to rise vs USD.
Data may also ease concerns about possibility of global double-dip recession as indicate continued demand from US, EU.
Exports to U.S. +42.7% on year vs +30.1% in July, while shipments to EU +117.4% on year vs +27.2% previous month.
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Singapore exports unexpectedly accelerate on drugs, electronics
September 17th, 2010 |
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Singapore’s export growth unexpectedly accelerated as sales of electronics and pharmaceuticals rebounded.
Non-oil domestic exports climbed 31.2% from a year earlier, after a revised 18.3% gain in July, the trade promotion agency said in a statement in Singapore today. That’s the fastest pace since December 2005, according to previously reported data. The median forecast of 10 economists surveyed by Bloomberg News was for an increase of 16.2%.
Russia doubles gas exports from Azerbaijan
September 4th, 2010 |
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Azerbaijan has signed a deal doubling its gas exports to Russia to two billion cubic metres a year. Leaders of both countries welcomed their countries’ growing economic ties and insisted the agreement was not aimed at scuppering any rival project.
Singapore exports likely subdued In 2H: StanChart
August 17th, 2010 |
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Singapore non-oil domestic exports likely to moderate in 2H 2010 on concerns about sustainability of global economic recovery, Standard Chartered Bank economist Alvin Liew says after island nation reports July exports +18.2% on year vs +20% consensus, +28.5% June, according to Dow Jones.
“We could yet see more significant moderation in exports growth in 2H this year. Indeed, it is likely the export recovery may have reached a plateau in 1H-2010, and going forward the recovery momentum will slow and even look anemic for some months” because of concerns about the sustainability global recovery, high unemployment in US, EU, Liew says.
Also, lingering Europe sovereign debt concerns could negatively impact trade flows. Adds, pharmaceutical exports remains wildcard for Singapore, magnifying peaks, troughs of export performance.
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