Testimonials

RW Freight Services were very efficient with their delivery, brillaint overall service.

Import Freight Shipping
77976

RWFreight give us an excellent service to Germany

Germany Freight Exporter
91835

The service received from RW Freight Services is excellent. The communication regarding the status of the shipment is excellent. RW Freight always keep you up to date when details are asked.

Norway Groupage Exporter
40391

More Testimonials

air freight Australia Brexit Canada cargo China container containers Covid-19 Denmark exporters exports exports China Finland France freight freight forwarders freight forwarding Freight Shipping Germany Gothenburg Hong Kong imports India Ireland italy Japan logisitics logistics Netherlands Norway Poland rail freight russia Seafreight shipping South Africa Spain Sweden Sweden freight Swedish Switzerland Turkey USA wine

Singapore exports to China suffer biggest decline for seven years

Tags: ,


China’s slowdown really hit home last month, with Singapore’s shipments to the country taking the biggest hammering in seven years.

Non-oil domestic exports (Nodx) to China plunged 25.2 per cent last month over January last year, in the wake of falling demand and a shift towards domestic production on the mainland.

The dismal numbers on China were the low point of a bleak picture last month, with overall Nodx down 9.9 per cent year on year.
China led the decline, while shipments to Taiwan plunged 26.5 per cent and those to South Korea were down 14.8 per cent.

“The impact from the slowdown in China could be more broad- based than what many had expected,” said DBS economist Irvin Seah, noting that China is the largest import partner for Singapore, South Korea and Taiwan.