Singapore's trade surplus rose to SG$13.8 billion in August from the revised SG$10.9 billion in the prior month, according to data from Statistics Singapore released on Thursday.
The latest print exceeded Trading Economics' SG$11 billion forecast.
Total merchandise exports increased by 49.2% year over year, sharper than the 40.5% growth recorded in the previous month.
Meanwhile, imports rose 39.3% year over year, compared with the 35.9% growth in the preceding month.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.