Decline in Singapore's exports narrows in April

Singapore's non-oil domestic exports slipped 1 per cent in April over the same month a year ago, as a fall in electronics shipments outweighed a rise in other exported products.

This was a smaller drop than March's 4.8 per cent decrease, said trade agency IE Singapore on Friday. It also beat economists' forecast of 1.9 per cent decline.

On a month-on-month basis, however, export growth slowed.

Shipments rose 1.1 per cent in April from March, less than the 8 per cent expansion in March from February.

Fewer exports were shipped to Europe, South Korea, Malaysia, Japan and Indonesia in April from a year ago, IE Singapore said.

But shipments to Hong Kong, Thailand, the United States, Taiwan and China increased.

Follow ST on LinkedIn and stay updated on the latest career news, insights and more.