Singapore exports fall most in three years in March
Non-oil domestic exports dropped 15.6 percent year-on-year in March, the strongest fall since February 2013, International Enterprise (IE) Singapore said.
Singapore (VNA)꧑ - Non-oil domestic exports dropped 15.6 percent year-on-year in March, the strongest fall since February 2013, International Enterprise (IE) Singapore said.
Electronics exports shrank 9.1 percent in the month. Non-electronics shipments declined 18 percent, compared to a 2.6 percent expansion in February.
The strongest falls were seen in ship parts (99.6 percent), pharmaceuticals (30.9 percent) and petrochemicals (16.4 percent).
Exports to the country’s key markets plunged, particularly in China, the EU, and Indonesia.
The country also saw a notable dip in production for nine consecutive months in March.-VNA
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Illustrative photo (Source: financetimes)
