SINGAPORE: Exports in Singapore fell a disappointing 4.8 per cent in September, after flat growth the previous month, according to latest figures released by International Enterprise (IE) Singapore on Monday. Non-oil domestic exports (NODX) were hit by a decline in both electronic and non-electronic exports.
Electronic shipments fell 6.6 per cent, following a 6 per cent decline the previous month. The contraction was largely due to ICs (-6.3 per cent), disk drives (-55 per cent) and parts of PCs (-22.4 per cent), IE Singapore said.
Non-electronic exports contracted 4 per cent, in contrast to a 2.7 per cent expansion the previous month. The decline was led by structures of ships and boats (-99.9 per cent), civil engineering equipment parts (-47.6 per cent) and petrochemicals (-6.5 per cent).
