Singapore's exports up by 10% in March
Singapore's exports up by 10% in March

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.

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