S’pore’s exports down 8.1pc

18 October, 2019 12:00 AM printer

SINGAPORE: Singapore’s exports shrank for the seventh straight month in September, hurt largely by a sharp fall in electronic shipments, official data showed on Thursday.

Non-oil domestic exports declined by 8.1 per cent year-on-year, following a revised 9 per cent decline in August, data from trade agency Enterprise Singapore showed, report agencies.

On a seasonally adjusted basis, exports dropped 3.3 per cent month-on-month in September following August’s increase of 6.7 per cent.

Electronic exports fell 24.8 per cent year-on-year in September, on the back of the 25.9 per cent contraction in the previous month. Integrated circuits, PCs and disk media products contracted by 30.2 per cent, 33.1 per cent and 12.2 per cent respectively, contributing the most to the decline in electronic shipments.