Exports from Singapore down 6% in 2013

Singapore shipped fewer goods abroad last year, as both electronic and non-electronic shipments fell. -- ST FILE PHOTO: ONG WEE JIN
Singapore shipped fewer goods abroad last year, as both electronic and non-electronic shipments fell. -- ST FILE PHOTO: ONG WEE JIN

Singapore shipped fewer goods abroad last year, as both electronic and non-electronic shipments fell.

Non-oil domestic exports shrank 6 per cent in 2013, a worse performance than the 4 to 5 per cent contraction that had been projected by trade agency IE Singapore. Exports had grown a marginal 0.5 per cent in 2012.

The agency said on Thursday that electronic exports slipped 11.3 per cent last year, while non-electronic shipments declined 3.3 per cent.

It is expecting exports to perform better this year by growing between 1 and 3 per cent.

Singapore's total trade is also forecast to expand between 1 and 3 per cent this year, after declining 0.5 per cent last year to $980.2 billion.