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Singapore's exports decreased 9.9% in January

Staff writer |
Non-oil domestic exports (NODX) in Singapore decreased last month, hit by another sharp decline in non-electronic exports.

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).

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