Singapore’s November exports sharply fall
Singapore's non-oil domestic exports (NODX) in November decreased 2.6 percent year-on-year, after an 8.2 percent rise in the month before, showed data from the trade agency International Enterprise Singapore (IE) on December 17.
The Tanjong Pagar Terminal in Singapore (Photo: AFP/VNA)Singapore (VNA) - Singapore's non-oil domestic exports (NODX) in November decreased 2.6
percent year-on-year, after an 8.2 percent rise in the month before, showed data
from the trade agency International Enterprise Singapore (IE) on December 17.
This was the first time since March this year the country’s export had experienced a decline as shipments to most key markets faced difficulties.
The figure was much slower than the 1.2 percent growth forecast by economic experts previously.
On a seasonally adjusted month-on-month basis, exports contracted 4.2 percent in November after growing 4.2 percent in October to 14.9 billion SGD (about 10.83 billion USD).
Singapore's non-electronic exports declined by 5.2 percent year on year, after the 12.7 percent increase in October while its electronic exports increased 4.5 percent, recovering from a decrease of 3.6 percent in the previous month.
Trade to top markets like China, Indonesia and Europe declined. Exports to China fell 16 percent in November from a year earlier, compared with the previous month's 25.8 percent fall.
According to the IE Singapore, the country’s total trade rose 7.7 percent in November, down from the 20.1 percent growth in October.-VNA
This was the first time since March this year the country’s export had experienced a decline as shipments to most key markets faced difficulties.
The figure was much slower than the 1.2 percent growth forecast by economic experts previously.
On a seasonally adjusted month-on-month basis, exports contracted 4.2 percent in November after growing 4.2 percent in October to 14.9 billion SGD (about 10.83 billion USD).
Singapore's non-electronic exports declined by 5.2 percent year on year, after the 12.7 percent increase in October while its electronic exports increased 4.5 percent, recovering from a decrease of 3.6 percent in the previous month.
Trade to top markets like China, Indonesia and Europe declined. Exports to China fell 16 percent in November from a year earlier, compared with the previous month's 25.8 percent fall.
According to the IE Singapore, the country’s total trade rose 7.7 percent in November, down from the 20.1 percent growth in October.-VNA
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