SINGAPORE – Singapore’s key exports dropped year on year for the 11th straight month, with shipments shrinking in nine of the Republic’s 10 biggest markets.
Compared with the previous month and seasonally adjusted, August exports fell 3.8 per cent, sharper than the 3.5 per cent drop in July, data from trade agency Enterprise Singapore showed on Monday. Meanwhile, non-electronic shipments contracted by 19.9 per cent, extending an 18.5 per cent decline in the previous month. Structures of ships and boats, pharmaceuticals and specialised machinery contributed the most to the fall in these shipments.
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