Singapore's exports fell 4.6% year-on-year in October, driven by a drop in non-electronic goods.

Singapore's non-oil domestic exports (NODX) dropped by 4.6% year-on-year in October, mainly due to a sharp decline in non-electronic shipments. Despite a 2.6% growth in electronic exports, overall exports to key markets like China, Japan, and the eurozone have declined, with shipments to China falling by 22.3%. Total trade decreased by 2% year-on-year in October.

November 18, 2024
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