Singapore exports drop 6.6% in March, more than expected
Published on Apr 17, 2014 8:30 AM
SINGAPORE - Exports from Singapore fell more than expected last month on the back of a broad-based slowdown in shipments.
Non-oil domestic exports slipped 6.6 per cent in March over a year ago, after rising 8.9 per cent in February, said trade agency IE Singapore on Thursday.
Both electronic and non-electronic shipments declined, as did demand from eight of Singapore's top 10 markets.
The fall in electronic exports was mainly due to lower demand for integrated circuits, computer parts and disk drives, while the dip in non-electronic exports was led by pharmaceuticals, aromatic chemicals and specialised machinery, IE Singapore said.
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