The total trade between Singapore and its Southeast Asian neighbors amounted to $295.6b in 2023, a 14% increase from 2019. “The ASEAN region is an important market for our Singapore companies,” said Trade and Industry Minister Gan Kim Yong on 7 May. “Singapore's trade and investment with ASEAN countries have registered double-digit growth over the past five years.” The direct investment abroad from Singapore to ASEAN also saw an uptick of 37% from 2018 to 2022, reaching $226.1b. https://sbr.com.sg/economy/news/singapore-asean-trade-stands-2956b-in-2023 (ICE SINGAPORE)

Fonte notizia: The Business Times, 8 May 2024