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Economics
Trade

Singapore Exports Contract More Than Expected on China

  • Non-oil domestic exports declined 20.6% y-o-y in December
  • Shipments to top goods trading partner China decline again
Updated on

Singapore’s exports came in weaker than expected in December, dragged down by a fall in shipments to China. 

Non-oil domestic exports declined 20.6% from a year earlier, steeper than the median expectation for a 16% contraction in a Bloomberg survey. That follows a 14.7% fall in November.