Singapore: Merchandise trade surplus narrows in May
Latest reading: In May, the trade balance was USD +4.4 billion, following a USD +10.3 billion figure in the previous month. Over the last 12 months, the trade balance summed to 72.7 USD billion.
Non-oil domestic exports (NODX) were up 7.7% in seasonally adjusted month-on-month terms in May, coming on the back of 11.0% growth in the prior month.