The non-oil domestic exports (NODX) in Singapore declined by 20.1 percent year-on-year in August, marking a contraction for the 11th straight month, government agency Enterprise Singapore announced Monday.
The figure is lower than the 20.3-percent decline in the previous month, Enterprise Singapore noted, adding that NODX in August fell 3.8 percent month-on-month, compared to the previous 3.5-percent contraction in July.
In August, electronic exports contracted by 21.1 percent and non-electronic exports declined by 19.9 percent, according to the government agency. Singapore’s total trade contracted in August 2023, both in exports and imports.—APP
