EU becomes Singapore's top service export destination in 2023

SINGAPORE, Dec. 18 (Xinhua) -- The European Union (EU) became Singapore's largest destination for service exports in 2023, with receipts rising 21.6 percent year-on-year to 72.4 billion Singapore dollars (about 53.6 billion U.S. dollars), according to the Singapore Department of Statistics.

Meanwhile, the United States was Singapore's largest service import source in 2023, with payments totaling 105.1 billion Si