Manulife Inves… - Thu, 05/18/2023 - 01:06

What Singapore's electronics sector tells us about Asia

Singapore’s electronics industry is a vital node in the global electronics market and is particularly exposed to the changes in the global demand for electronics. Learn why the industry’s health could be seen as a proxy for the region’s economic health.

Singapore enjoyed double-digit growth in electronics exports from the start of 2020 to the middle of last year. This was initially driven by a sharp increase in export volumes, supported by rising demand for work-from-home equipment and consumer electronics amid peak pandemic global supply chain disruptions.

The combined positive demand shock and negative supply shock resulted in a sustained increase in electronics export values, which then powered the second half of the export growth story even as growth in export volumes cooled; however, these positive trends appear to be reversing.

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