Singapore's economy enjoyed a surprise turnaround in non-oil exports in November, following a steep decline in exports in the previous month.

On a year-on-year basis, non-oil domestic exports jumped by 1.6 per cent in November this year, reversing a decline of 16 per cent in October.

Figures released by the trade agency IE Singapore, non-electronic exports jumped 2.4 per cent, while exports of electronics grew by 0.1 per cent. It may be noted here that even the marginal growth of 0.1 per cent in export of electronics was great as it was a significant jump from a fall of 31 per cent in the previous month.

Exports to Japan, Taiwan and Hong Kong grew by 18 per cent, 15 per cent and 11 per cent respectively.

However, economists are still concerned that Euro zone's sovereign debt crisis could derail the country's recovery. The euro zone's debt crisis hit demand for Asian goods very hard, prompting countries from China to Indonesia to ease monetary policy to support exports.

Singapore-based economist Kun Lung Wu, of Credit Suisse Group, said, "The recovery will be very fragile and surprises in the euro zone, a disorderly unraveling, could easily derail it."

Official estimates suggest that Singapore's gross domestic product may grow as little as 1 per cent in 2012.