This is the seventh straight month of year-on-year contraction in Singapore's non-oil domestic exports.
SINGAPORE: Singapore's key exports fell for the seventh consecutive month in April, weighed down by declines in both electronic and non-electronic products.
Integrated circuits, personal computers and disk media products contributed the most to the decline, falling by 21.1 per cent, 50.3 per cent and 41.6 per cent respectively.The biggest declines were in primary chemicals, petrochemicals and food preparations - falling by 57.7 per cent, 32.8 per cent and 27 per cent respectively.
"The anticipated recovery for electronics in the second half of 2023 still looks elusive. In fact, the deep year-on-year contraction in integrated circuits, PCs, disk media et cetera, implies that demand conditions may still be searching for a trough. Even the pharmaceutical export surge is insufficient to offset the electronics slump," said Ms Ling.
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