Singapore's electronic product exports have achieved the highest historical growth rate thanks to strong demand for artificial intelligence-related products.

Driven by strong global demand for artificial intelligence AI-related devices, Singapore's electronic product exports last month recorded the largest historical increase. According to data from the Singapore Economic Development Board on Wednesday, the export value in May increased by almost 95% compared to a year ago, reaching 7.1 billion Singapore dollars. Integrated circuits remain the main driving force, with an increase of nearly 81%. The total non-oil domestic exports of this city-state increased by 38%.