Singapore non-oil exports decelerate 4.6% y/y in May

By bne IntelliNews June 19, 2013

Singapore's non-oil exports of goods decelerated 4.6% y/y in May this year, as compared to a decline of 1.0% y/y posted in April. According to the data released by International Enterprise Singapore, the electronics exports decreased 13.2% y/y during the period, as compared to a decline of 9.0% y/y recorded in April.

The export of non-electronics expanded 0.2% y/y during the period, as compared to an increase of 3.3% y/y posted in April. The shipments to the European Union (EU), country’s biggest export destination, decreased 4.3% y/y during the period, as compared to a deceleration of 13.4% y/y posted in April.

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