An HSBC global survey has released on Monday that there has been a high record in the confidence level of Singaporean exporters and importers over trade prospects.

HSBC's trade confidence index has marked that gauges sentiment on trade activity and business growth in the next six months. This has showed Singapore's confidence level at 121 points.

There has been rise of 8 points from 113 six months earlier. Moreover this has become the highest level recorded since the global banking giant began the survey in 2009.

The 100 points refers to the positive outlook in the trading.

While the global score was of 114 points and the Asian region was 115 points.

Mr. Khuresh Faizullabhoy, HSBC head of trade and supply chain, has stated that the upward outlook is the result of the strong demand within the region and rapid trade with China.

According to him, the region in the recent times is experiencing higher growth and Singapore sits right in the middle of this growing region. It's supporting the confidence of Singapore trade.

In the survey it was also found that about 86 percent of Singaporean traders have been expecting their trade volumes to rise, along with the increased financing, in the next six months.