This is likely a new year data distortion (ie lunar new year) but still:

Singapore February non-oil domestic exports

  • +16% m/m (Reuters poll showed +2.4% as the expected)
  • +4.9% pct y/y ( -3.4% expected, prior was -10.1%, hardest fall in 2 years+)

NODX to United States +6.6% y/y

  • to China +34.4% y/y
  • to Europe -11.8 % y/y

On the face of it good news, but like I said, watch out for seasonal distortion.