Arab Today, arab today singapores external trade slows to 21 in the second quarter
Last Updated : GMT 08:55:20
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*

Arab Today, arab today singapores external trade slows to 21 in the second quarter Arab Today, arab today singapores external trade slows to 21 in the second quarter

 



Arab Today, arab today

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*

Arab Today, arab today singapores external trade slows to 21 in the second quarter Arab Today, arab today singapores external trade slows to 21 in the second quarter

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
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