singapores external trade slows to 21 in the second quarter
Last Updated : GMT 17:20:06
Arab Today, arab today
Arab Today, arab today

Singapore's external trade slows to 2.1% in the second quarter

Arab Today, arab today

Arab Today, arab today Singapore's external trade slows to 2.1% in the second quarter

Singapore's external trade slows
Singapore - XINHUA

 Singapore's non-oil domestic exports (NODX), a key gauge of the export performance of the economy, rose by 2.1 percent on-year in the second quarter of this year, trade promotion agency International Enterprise Singapore said on Tuesday.

The gain was significantly slower than the 4.8 percent growth in the previous quarter.

On a yearly basis, electronic exports grew slightly by 0.1 percent in the second quarter, after the 1.2 percent increase in the previous quarter. The increase was largely due to higher domestic exports of PCs, integrated circuits and telecommunications equipment, the agency said.

Non-electronic exports expanded by 2.9 percent, following the 6. 2 percent rise in the previous month, led by higher domestic exports of non-electric engines and motors, structures of ships and boats and specialized machinery.

For the second quarter, while NODX to Indonesia, China's Taiwan and Malaysia declined year-on-year, NODX to all the rest of the top markets increased. The biggest contributors to the expansion were the U.S., South Korea and Thailand.

NODX to the Chinese mainland rose by 0.5 percent in the second quarter on year, in contrast to the 5.6 percent contraction in the preceding quarter.

On a year-on-year basis, Singapore's total merchandise trade contracted by 10.6 percent in the second quarter, following a decline of 10.5 percent in the previous quarter. The decrease was attributed to the contraction in both oil trade and non-oil trade, which declined by 34.4 percent and 1.1 percent, respectively.

Looking ahead, the agency said that while the advanced economies are expected to see a gradual recovery, the growth outlook of regional economies has generally softened. Furthermore, the downward pressure in oil prices is expected to continue to depress oil trade further in nominal terms.

Taking all these into consideration, the agency has narrowed NODX growth forecasts for 2015 to between 1 and 2 percent.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

singapores external trade slows to 21 in the second quarter singapores external trade slows to 21 in the second quarter

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

singapores external trade slows to 21 in the second quarter singapores external trade slows to 21 in the second quarter

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Japanese regulators raid Airbnb

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Saudi, Bahrain target Iran

GMT 00:48 2017 Monday ,20 November

Saudi, Bahrain target Iran
Arab Today, arab today Europe turns on Facebook, Google

GMT 02:26 2017 Monday ,20 November

Europe turns on Facebook, Google
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Mona Abdel Ghany increased artistic activities

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 02:28 2017 Saturday ,18 November

Anti-drug operation nets 4 tonnes

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday