Singapore's non-oil domestic exports (NODX) continued to decline in April, but at a slower pace than forecast by economists, data from International Enterprise (IE) Singapore showed Thursday.
On a year-on-year basis, NODX fell 1 percent in April following a 4.8 percent fall in the previous month. The rate of decrease was weaker than the 1.9 percent drop expected.
Exports to five of the top 10 NODX markets decreased in April. However, shipments to China, Taiwan, the US, Thailand and Hong Kong improved.
Exports of electronic products contracted 9 percent annually in April after 17.9 percent decline in March. Non-electronic NODX expanded 3.3 percent following a 2.3 percent increase in the previous month.
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