Singapore's exports drop in November

Singapore's non-oil domestic exports (NODX) declined by 2.5 per cent in November, compared to the 7.9 percent increase in October.

Trade agency I-E Singapore said the fall was due to a contraction in electronic exports, which outweighed the rise in the exports of non-electronic items.

Electronic exports contracted by 16.5 per cent.

Non-electronic exports, however, expanded by 6.3 percent, led by pharmaceuticals and structures of ships and boats.

IE Singapore said exports to all of the top 10 NODX markets, except China, Thailand and the European Union, declined.

The top three contributors to the decline were Hong Kong, Malaysia and the US.

Total trade contracted by 3.6 per cent compared to the 3.3 per cent increase in October.