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Singapore’s exports down 8.4% on year in August

by ChemOrbis Editorial Team -
  • 17/09/2015 (11:45)
According to data released by International Enterprise (IE) Singapore, the country’s non-oil domestic exports (NODX) posted fresh declines in August, falling by 8.4% on the year following a decrease of 0.7% in the previous month.

On a monthly basis, meanwhile, the country’s NODX posted a seasonally adjusted decrease of 4.6% in august to reach SGD13.3 billion ($9.5 billion) from July’s SGD14 billion ($10 billion).

Singapore’s electronic domestic exports fell 2.7% on the year while non-electronics exports slid 10.6% due to lower exports for petrochemicals, pharmaceuticals and structures of ships and boats.

Meanwhile, the data also showed that the country’s domestic oil exports slumped 37.9% compared with the previous year because of lower shipments to Indonesia, Malaysia and Panama. However, the volume of domestic oil exports rose by 0.5% in August.
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