The export of electrical and electronic equipment from Singapore has shown a fluctuating trend over the years. In 2023, exports stood at 142.26 billion USD. While the year 2020 experienced a significant dip of -15.11%, the subsequent years saw a robust recovery, with notable growth rates of 23.11% in 2021 and 2.09% in 2022. The forecasted CAGR for the next five years (2024-2028) is estimated at 1.54%, reflecting moderate growth.
Future trends to watch for:
- Continued technological advancements and innovation in the sector.
- Shifts in global supply chains due to geopolitical tensions.
- Increasing demand for sustainable and green technologies.
