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Singapore exports fall 3.4% over last year

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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.