SINGAPORE'S exports grew by a healthy 22.7 per cent last month compared with the figure a year earlier, as shipments to all top 10 markets continued to expand.

The performance was better than economists' consensus estimate of an 18.1 per cent expansion year-on-year, according to figures released by IE Singapore yesterday.

But economists believe export growth has peaked and is sliding after a surprise 30.8 per cent rise in August.

July exports had grown by a more modest 18.3 per cent year-on-year.
The slowdown was more evident in month-on-month terms. Exports fell 4.5 per cent last month from the figure in August, reversing August's 9.8 per cent rise from the July figure.

Citigroup economist Kit Wei Zheng said in a report that 'exports have peaked', with lead indicators pointing to further moderation ahead.

Sept exports beat forecasts