Demand for Singapore’s pharma output surges during pandemic – dpa international

Masks and sanitisers for sale in Kuala Lumpur (Simon Roughneen)

KUALA LUMPUR — A huge jump in sales of pharmaceuticals saw Singapore’s exports expand by 9.7 per cent year on year in April amid the coronavirus pandemic, though overall trade declined. Enterprise Singapore, a government agency, said that Singapore’s exports of pharmaceuticals to the European Union and Japan rose by 467 per cent and 864 per cent respectively compared to the same period a year ago. Dutch bank ING attributed Singapore’s April exports surge to the new coronavirus, saying on Monday that “the global pandemic has lifted pharmaceuticals to be the star-performer.” April was the third consecutive month in which Singapore’s exports grew. However most sectors – including electronics, which typically makes up around 30 per cent of exports – saw declines.