Singapore exports decline in April 2011

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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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,...

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.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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