Published:
Chart of the Day: Exports slide 15.6%in March as non-electronic shipments slump
Pharmaceutical exports dropped steeply.
Singapore’s non-oil domestic exports booked a 15.6% year-on-year slide in March, a far cry from the 2.0% rise in February.
According to IE Singapore, both electronics and non-electronic exports declined. Electronics exports slipped by 9.1%, while non-electronic shipments plunged by 18%.
The decline in electronic domestic exports was largely due to ICs (-10.3 per cent), PCs (-26.5 per cent) and parts of PCs (-18.0 per cent)
The contraction in non-electronic NODX was led by structures of ships & boats (-99.6 per cent), pharmaceuticals (-30.9 per cent) and petrochemicals (-16.4 per cent).
Read Here
Advertise
Sign Up
