Singapore's non-oil domestic exports fell 3.3% in January on weak electronics shipments

Singapore's non-oil domestic exports fell 3.3 per cent last month, on the back of weak electronics exports. -- ST FILE PHOTO: ONG WEE JIN 
Singapore's non-oil domestic exports fell 3.3 per cent last month, on the back of weak electronics exports. -- ST FILE PHOTO: ONG WEE JIN 

Singapore's non-oil domestic exports fell 3.3 per cent last month, on the back of weak electronics exports.

The decline follows a 6 per cent increase the previous month.

Electronic non-oil domestic exports plunged 17 per cent in January over the same month last year, mainly due to fewer shipments of integrated circuits, parts of PCs and disk drives.

This was partly offset by a 3.5 per cent expansion in non-electronic non-oil domestic exports, led by petrochemicals, structures of ships and boats, and printed matter.

Non-oil re-exports rose 9 per cent last month, following a 14.2 per cent expansion the previous month, due to increases in both the electronic and non-electronic segments.

Comments