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.
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