Singapore exports grew by 10% in March, mainly driven by non-electronic sector. On the other hand, electronics sector shows a fall down. Economists said that hike in Singapore dollar and falling sales due to worn out Japanese economy.
But other sectors including non-oil domestic exports (NODX) have relaxed the growth by rising 10% in last month compared with last year after a 6.9% growth the previous month.
Private sector economists have anticipated a growth of 5% but actually the rise is double than expected.
Trade agency International Enterprise (IE) Singapore announced yesterday that non-electronic sector has majorly contributed in the export growth, which expanded to 24.5% led by ships, specialised machinery and chemicals.
Analysts said that electronic exports declined by 14 per cent on-year, and their bottom could be near.












