Singapore SMEs are region's top exporters thanks to its 'thriving digital economy', finds study

SINGAPORE (Aug 1): Singapore’s small- and medium-sized enterprises (SMEs) are playing a leading role in driving export in Asia Pacific, according to the latest study commissioned by FedEx Express.

Titled Global is the New Local: The Changing International Trade Patterns of Small Businesses in Asia Pacific, the independent research was conducted by Harris Interactive on behalf of the express transportation company to offer insights into import and export opportunities as well as challenges faced by SMEs.

Its findings revealed Singapore’s SMEs as the top exporters by revenue in the region last year, generating the highest average annual exporting revenue at US$1.75 million ($2.4 million) – accounting for nine in every 10 US dollars of overall revenue, and ahead of the regional average of US$1.21 million.

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