Singapore's exports decreased 9.9% in January
This is according to latest figures released by International Enterprise (IE) Singapore.
On a year-on-year basis, NODX shrank 9.9 percent in January, following a 7.2 percent contraction in December.
Among Singapore's key markets, exports to China were among the worst hit, falling by 25 percent.
Exports of non-electronic products contracted by 13.9 percent, after falling 10.3 percent the previous month. The decline was led by petrochemicals, which fell by 18.3 percent, as well as pumps (-72.3 percent) and primary chemicals (-45.8 percent).
Eelectronic exports declined by 0.6 percent, after a 0.3 percent decrease in December. The contraction was largely due to ICs (-15 percent), parts of PCs (-8.8 percent) and disk drives (-23.3 percent). ■