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Singapore exports continue dropping in June

Singapore’s exports recorded the biggest decline in six years, according to trade agency Enterprise Singapore.
Singapore exports continue dropping in June ảnh 1A corner of Singapore (Photo: VNA)

Singapore (VNA) – Singapore’s exportsrecorded the biggest decline in six years, according to trade agency EnterpriseSingapore.

Non-oil domestic exports (NODX) fell 17.3 percentin June, marking the fourth straight month of year-on-yeardecline, data from Enterprise Singapore showed on July 17.

This was the biggest decline since February 2013when exports fell 33.2 percent from the year before.

Electronic exports slumped 31.9 percent in June,following a similar 31.6 percent decline in the previous month.

Non-electronic exports declined by 12.4 percent,following the 11.1 percent decline in May.

Overall, exports to the majority of Singapore'stop markets, including China and Europe, fell sharply during the month.-VNA
VNA
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