The republic's non-oil domestic exports (NODX) fell a worse-than-expected 15.6% y-o-y in March, a further sign of waning global demand.
Analysts polled by Reuters had expected March NODX to fall 13.2%.
Month on month, NODX dipped a seasonally adjusted 0.2%, easing from the previous month's 4.2% decline.
Except for Japan and Hong Kong, shipments to Singapore's all 10 major markets fell. The European Union, China and Indonesia were the biggest contributors to March's NODX contraction.
Electronic NODX fell 9.1% y-o-y, after a 0.7% rise in February. The decline in electronic domestic exports was largely due to ICs (-10.3%), PCs (-26.5%) and parts of PCs (-18.%).
Non-electronic NODX fell 18% in March, reversing from the previous month's 2.6% rise. The decline was led by structures of ships & boats (-99.6%), pharmaceuticals (-30.9%) and petrochemicals (-16.4%).
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Analysts polled by Reuters had expected March NODX to fall 13.2%.
Month on month, NODX dipped a seasonally adjusted 0.2%, easing from the previous month's 4.2% decline.
Except for Japan and Hong Kong, shipments to Singapore's all 10 major markets fell. The European Union, China and Indonesia were the biggest contributors to March's NODX contraction.
Electronic NODX fell 9.1% y-o-y, after a 0.7% rise in February. The decline in electronic domestic exports was largely due to ICs (-10.3%), PCs (-26.5%) and parts of PCs (-18.%).
Non-electronic NODX fell 18% in March, reversing from the previous month's 2.6% rise. The decline was led by structures of ships & boats (-99.6%), pharmaceuticals (-30.9%) and petrochemicals (-16.4%).
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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