Singapore exports rise 18.40%<\/p>\n
SINGAPORE : Singapore's key non-oil domestic exports rose a
\nbetter-than-expected 18.40 percent in January compared to the
\nfirst month of 2002, boosted by gains in pharmaceutical and
\nsemiconductor exports, the government said Monday.<\/p>\n
The January performance was significantly better than the
\nrange of forecasts from analysts polled by financial news service
\nAFX-Asia. The forecast ranged from a contraction of 1.2 percent
\nto a growth of 5.0 percent.<\/p>\n
January's performance was also significantly stronger than the
\n4.4 percent growth seen in December, the government trade body
\nInternational Enterprise (IE) Singapore said.<\/p>\n
Electronics products grew 7.3 percent in January after
\ndeclining 2.2 percent in December.<\/p>\n
\"This better performance was largely attributed to healthy
\nincreases in exports of integrated circuits, parts of personal
\ncomputers and transistors,\" IE Singapore said.<\/p>\n
However, the sluggishness in other key products like personal
\ncomputers, printers and integrated circuit parts offset the
\ngains.<\/p>\n
Among non-electronics products, pharmaceutical exports rose
\n194.40 percent year-on-year, while petrochemical exports rose 31
\npercent.<\/p>\n
Exports to the U.S. rebounded, rising 12 percent following a
\n2.40 percent decline in December. --AFP<\/p>",
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