Vietnamplus

Singapore's non-oil domestic exports (NODX) reached just 12.6 billion SGD (nearly 9.7 billion USD) in July, a year-on-year drop of 10.6 percent.

Singapore ’s economy rose only 1.8 percent year-on-year in the first quarter of this year, according to estimates released by the country’s Ministry of Trade and Industry.

Non-oil domestic exports dropped 15.6 percent year-on-year in March, the strongest fall since February 2013, International Enterprise (IE) Singapore said.

A slowdown in China’s economic growth is having a strong impact on Singapore as the country’s export turnover to China, in January, recorded the sharpest decrease in the past 7 years.

Singapore’s non-oil domestic exports (NODX) slid 7.2 percent in December last year, from a year earlier, as shipment of non-electronics products dropped 10.3 percent.

The Singaporean economy expanded 2.1 percent in 2015 – the slowest pace since 2008, according to the country’s Ministry of Industry and Trade (MIT).

International Enterprise Singapore (IE Singapore) has trimmed its forecast for the country’s total trade growth from 1-3 percent to 1.5-2.5 percent in 2014 and its non-oil domestic exports (NODX) growth from 1-3 percent to between -2 and -1 percent.