Singapore exports fall most in three years in March
Non-oil domestic exports dropped 15.6% year-on-year in March, the strongest fall since February 2013, International Enterprise (IE) Singapore said.
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Electronics exports shrank 9.1% in the month. Non-electronics shipments declined 18%, compared to a 2.6% expansion in February.
The strongest falls were seen in ship parts (99.6%), pharmaceuticals (30.9%) and petrochemicals (16.4%).
Exports to the country’s key markets plunged, particularly in China, the EU, and Indonesia.
The country also saw a notable dip in production for nine consecutive months in March.
