Singapore’s non-oil domestic exports (NODX) dropped 9.7 percent in February from the same period last year, said the International Enterprises (IE) Singapore.
Electronic exports declined 12.5 percent, opposing the 5 percent growth in the previous month.
Non-electronic exports tumbled 8.5 percent, in contrast to the 4 percent increase in January. The fall was triggered by weakening petrochemicals (-30.9 percent), pharmaceuticals (-22.4 percent), and primary chemicals (-24.3 percent).
The NODX to the island’s top 10 markets, with the exception of the Republic of Korea, the United States, Thailand and Malaysia, experienced dramatic falls in February. The most drastic plunges stemmed from China, Japan and Taiwan.
Meanwhile, non-oil re-exports (NORX) rose by 0.9 percent last month, following a 12.7 percent expansion in January.
The grim statistics have raised the concern over the slowing economic growth of Singapore during the first quarter of 2015.-VNA
Electronic exports declined 12.5 percent, opposing the 5 percent growth in the previous month.
Non-electronic exports tumbled 8.5 percent, in contrast to the 4 percent increase in January. The fall was triggered by weakening petrochemicals (-30.9 percent), pharmaceuticals (-22.4 percent), and primary chemicals (-24.3 percent).
The NODX to the island’s top 10 markets, with the exception of the Republic of Korea, the United States, Thailand and Malaysia, experienced dramatic falls in February. The most drastic plunges stemmed from China, Japan and Taiwan.
Meanwhile, non-oil re-exports (NORX) rose by 0.9 percent last month, following a 12.7 percent expansion in January.
The grim statistics have raised the concern over the slowing economic growth of Singapore during the first quarter of 2015.-VNA
