Monday, 22 July 2019 09:20 GMT
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15.9 percent drop in Singaporean non-oil domestic exports




(MENAFN) Singapore was struck with the largest drop in its non-oil domestic exports (NODX) since March 2016, plunging by 15.9 percent in May 2019 on annual basis.

Official data revealed that this fall is attributed to a significant decrease in shipments sent to China during the period.

However, this decline is a less than the 16.5 percent of decrease that economists forecast through a poll.

This figure is also bigger than the 10 percent decline witnessed in April, with Singapore struggling amid poor international growth.

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15.9 percent drop in Singaporean non-oil domestic exports

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