SINGAPORE – Singapore’s non-oil domestic exports shrank 20.7 per cent in March from a high base a year ago as both electronic and non-electronic shipments slumped.
Non-electronic Nodx contracted by 23.2 per cent in March from a year ago, extending the 1.7 per cent decline in February. Telecommunications equipment fell by 38.8 per cent , diodes and transistors by 11 per cent, and ICs – which formed about half of electronic Nodx – gave up 8 per cent . In value terms, March Nodx came to $13 billion, lower than the previous month’s $14.2 billion and the year-ago level of $15.7 billion.
Nodx to the EU contracted by 45.4 per cent, due also to pharmaceuticals, specialised machinery and telecommunications equipment.
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