Re-exports climbed to a record high last month, signalling better global economic conditions.
SINGAPORE: Re-exports, a barometer for regional trade demand, climbed to a record high last month.
Economists said the higher trade volumes signal better global economic conditions and this means domestic exports are likely to improve going into 2014.
Re-exports refer to foreign goods that are exported from Singapore in the same state as previously imported, without going through further processing.
According to the latest trade data from IE Singapore, re-exports jumped 26.7 per cent in October and has been on the rise for the past six months.