Singapore exports decline in April 2011

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Singapore’s non-oil domestic exports took an unexpected drop in April of this year, the first decrease of 2011.  Analysts blame a reduced demand for electronics, specifically disk drives and computer parts.  Exports to the US, Hong Kong, Malaysia and Indonesia increased, but declined to the European Union and China.  The decline is 3.6% over the previous month, and 1.8% over the previous year at that point.

Numbers are expected to rebound for Singapore’s exports, especially as demand for electronics should rise. Rising oil prices along with the current economic climate also contributed to the lower than expected numbers for April, but analysts expect a turnaround by the end of the year.

 

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Reading Time: 1 minute

Singapore’s non-oil domestic exports took an unexpected drop in April of this year, the first decrease of 2011.  Analysts blame a reduced demand for electronics, specifically disk drives and computer parts.  Exports to the US, Hong Kong, Malaysia and Indonesia increased, but declined to the European Union and China.  The decline is 3.6% over the previous month, and 1.8% over the previous year at that point.

Reading Time: 1 minute

Singapore’s non-oil domestic exports took an unexpected drop in April of this year, the first decrease of 2011.  Analysts blame a reduced demand for electronics, specifically disk drives and computer parts.  Exports to the US, Hong Kong, Malaysia and Indonesia increased, but declined to the European Union and China.  The decline is 3.6% over the previous month, and 1.8% over the previous year at that point.

Numbers are expected to rebound for Singapore’s exports, especially as demand for electronics should rise. Rising oil prices along with the current economic climate also contributed to the lower than expected numbers for April, but analysts expect a turnaround by the end of the year.

 

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