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Singapore’s exports unexpectedly fall

Singapore’s non-oil domestic exports unexpectedly fell 0.7 percent year-on-year in April after five consecutive months of growth.
Singapore’s exports unexpectedly fall ảnh 1Illustrative image (Source: SGMoneyMatters.com)
Hanoi (VNA) – Singapore’snon-oil domestic exports unexpectedly fell 0.7 percent year-on-year in Aprilafter five consecutive months of growth.

Data from InternationalEnterprise Singapore (IE) on May 17 showed that exports fell on a seasonallyadjusted month-on-month basis, with April’s exports down 9 percent from March.

The IE attributed the slowingexport to decreases in the shipments of non-electric items (down 69.2 percent),pharmaceuticals (39.9 percent) and gold jewelry (23 percent). Meanwhile,electronic exports rose for the sixth consecutive months by 4.8 percent.

Among 10 key importers ofSingapore, the European Union, Hong Kong (China), the US and Japan importedproducts from Singapore less than Taiwan (China), the Republic of Korea,Malaysia, Indonesia and Thailand.

Also according to the IE, thetotal trade in April continued the growth momentum with a 5.7-percent increase,of which imports went up 7.5 following an 18.9-percent surge in March.-VNA
VNA
#Singapore#non-oil domestic export#International Enterprise Singapore#exports#trade#growth momentum
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