Singapore’s exports fall more than expected in March
The greater than expected yearly drop was attributed to persistently sluggish global demand, especially from China, Singapore’s largest export destination. The decrease was driven by lower electronic and non-electronic exports, which on a monthly basis fell 9.1% and 18%, respectively, in March.
The data also showed that the country’s exports to its top 10 markets, excluding Japan and Hong Kong, declined in March.
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