A drop in electronics shipments continued to oppress Singapore’s exports in the second quarter, trade agency IE Singapore said last week. Non-oil domestic exports from Singapore fell by 3.4 per cent in the April to June period over last year, extending a two-year-long decline.
This follows a 1 per cent contraction in the first quarter of the year, IE Singapore said.
Domestic exports of electronic products, which make up slightly more than a quarter of non-oil domestic exports, slid by 13.8 per cent in the second quarter over a year ago, after falling 12.8 per cent in the first quarter.