Singapore posts worst non-oil domestic exports in a decade. Down 25% yoy - Printable Version
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Singapore posts worst non-oil domestic exports in a decade. Down 25% yoy - Levin - 17-02-2023
PUBLISHED FRI, FEB 17 202312:38 AM EST UPDATED 4 HOURS AGO
Jihye Lee
Singapore’s non-oil domestic exports plunged 25% year on year in January — their largest drop in 10 years.
Government data showed Singapore’s non-oil exports to its top markets led the wider decline, with exports to China falling by more than 41%, to the U.S. by 31.5% and to Hong Kong by more than 55% for the month.
The reading marks the fourth consecutive contraction and the steepest fall since February 2013, when the economy saw more than a 30% decline.
https://www.cnbc.com/2023/02/17/singapore-non-oil-exports-decade.html