Bleak trade numbers in October as Singapore's exports plunge 12.3%

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

SINGAPORE: Singapore's trade numbers remained bleak in October as its exports declined for the eighth straight month, according to official data ...

SINGAPORE: Singapore's trade numbers remained bleak in October as its exports declined for the eighth straight month, according to official data released on Monday .

Non-oil domestic exports plunged 12.3 per cent last month, compared with a drop of 8.1 per cent in September, data from Enterprise Singapore showed.The fall was mainly due to the"high base" in non-electronic exports a year ago, the trade agency said.On a seasonally adjusted month-on-month basis, exports declined 2.9 per cent following September's 3.3 per cent fall.

Shipments of electronics continued to slide, falling 16.4 per cent year-on-year on the back of a 24.8 per cent contraction in the previous month. Among the biggest contributors to the decline were ICs , PCs and telecommunications equipment .Non-electronic exports fell 11 per cent following a 2.3 per cent decline in September. Pharmaceuticals , petrochemicals and primary chemicals contributed the most to the decline.

Total trade decreased 9.7 per cent, as imports fell by 10.3 per cent and exports declined by 9.2 per cent.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Singapore non-oil exports shrink 12.3% in October, worse than expectedExports of integrated circuits, personal computers and telecommunications equipment contributed the most to the decline.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Singapore's October non-oil exports fall for 8th straight monthSingapore's October non-oil exports fall for 8th straight month
Source: BusinessTimes - 🏆 15. / 51 Read more »

It's not just farmers, US exports may never recover from the trade warWASHINGTON (BLOOMBERG) - The Trump administration's trade war is ravaging exports to China across the US and well beyond the farm belt, new data from the US Commerce Department show.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Explainer: After 5 years of Do Not Call Registry, can more be done to stop persistent nuisance calls, messages?SINGAPORE — The phone vibrates and a text message comes in. The number is unfamiliar, but the sender adopts a jaunty, decidedly familiar tone.
Source: TODAYonline - 🏆 1. / 99 Read more »

Rising number of tech grads in Singapore set to plug gap in sectorThe number of local university graduates from technology-related courses is set to grow by two-thirds by 2022, amid a hunger for such talent as Singapore embarks on its Smart Nation journey.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Refugee camp in Singapore: Local volunteers, Viet refugees yearn to reconnectSINGAPORE — Almost 40 years after Singapore's first and only refugee camp at Hawkins Road began operations, former volunteers and refugees alike are hoping to reconnect once more.
Source: YahooSG - 🏆 3. / 71 Read more »