Singapore exports notch slower growth

A container ship arriving in Singapore's port. Export performance was in positive territory, but falling global demand for electronics made it a close run in June.
A container ship arriving in Singapore's port. Export performance was in positive territory, but falling global demand for electronics made it a close run in June. PHOTO: REUTERS

Singapore's export performance managed to stay in positive territory last month, but it was a close run due to falling global demand for electronics.

Overall shipments grew just 1.1 per cent in June over the same month last year, a striking decline from the bumper 15.5 per cent expansion recorded in May.

Non-electronic exports bolstered the numbers by recording year-on-year growth of 4.6 per cent, but again that looked anaemic compared with May's stellar 26.2 per cent expansion.

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A version of this article appeared in the print edition of The Straits Times on July 18, 2018, with the headline 'Singapore exports notch slower growth'. Print Edition | Subscribe