SINGAPORE: Singapore's non-oil domestic exports (NODX) grew 9.7 per cent year-on-year in April, a drop from the 17.6 per cent growth that was seen in March, according to official data released on Monday (May 18).
April's expansion was largely due to pharmaceuticals, which grew from a low base a year ago, while electronics declined.
AdvertisementAdvertisementOn a month-on-month seasonally adjusted basis, NODX fell 5.8 per cent in April, a reverse from the previous month's 12.8 per cent expansion.
Total trade decreased over the year in April - a decline of 12.8 per cent, a further drop from the 0.2 per cent fall in March.
Total exports fell 12.7 per cent, similar to the 13 per cent decline in imports.
Shipment to Singapore's top 10 markets grew in April, though exports to China, Hong Kong, Malaysia, Indonesia and Thailand declined; growth was mainly due to the US, the European Union and Japan.
AdvertisementAdvertisementLet's block ads! (Why?)
More...