Singapore exports rebound in January

Singapore's non-oil domestic exports rebounded in January after a poor performance in December.

It was helped by a rise in new orders and the Lunar New Year falling in February.

Non-oil domestic exports rose 0.5 percent last month from a year ago, compared to the 16.3 percent contraction in December.

The top three contributors to the exports rise in January were China, Taiwan and Japan.

On a month-on-month basis, exports in January decreased by 1.8 percent from December.

Exports declined 4.2 percent in December from November.

Electronic exports contracted by 5.6 percent in January on year, after the 19.1 per cent decline in the previous month.