(MENAFN) Singapore's total services trade has increased by 2.3 percent last year, after the 11.7 percent expansion in the previous year.
Value of the total services trade value reached about USD368.34 billion for the year, while both services exports and imports increased by 4.1 percent and 0.6 percent in 2018 respectively.
In the fourth quarter of last year, the total services trade increased by 1.4 percent year on year, compared to an increase of 2.4 percent in the previous quarter.
In a breakdown, exports of services increased by 2.8 percent year on year, following the 4.4 percent increase in the preceding quarter.
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