Singapore's on-year export growth beat expectations in March, thanks to a surge in petrochemical and pharmaceutical shipments, a sign the city-state's trade recovery is widening to non-electronic sectors. Non-oil domestic exports (NODX) in March rose a more-than-expected 16.5 percent from a year earlier, data from trade agency International Enterprise Singapore showed on Monday. From the previous month, exports fell a seasonally-adjusted 1.1 percent, a smaller-than-expected decline. 

We are still comfortable with the current positive trajectory in terms of exports but a lot is price-based effects so we will have a better sense in the second half of the year. Petrochemical and pharmaceutical exports surged in March on-year, growing 42.8 percent and 17.7 percent respectively.

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