Singapore 's core exports fell for the first time in eight months , with exports of non - electronic goods falling by 5.2 % YoY in November , while exports of electronic goods rose by 4.5 % over the same period . Evidence for the decline in non - electronics were a fall in non - monetary gold , specialised metals and petrochemicals . The rise in electronics , driven by a rebound in the demand for semiconductors , marked the first monthly growth of the sector in almost a year . Noting that exports to China contracted for the seventh consecutive month, RHB economist Ahmad Nazmi Idrus said in a note that the weaker demand "points to China's softening growth as it winds down economic excesses fuelled by cheap credit." Meanwhile , weak imports saw shipments to its largest export market China , along with South Korea and Indonesia plunge , while exports to the US increased .
Singapore 's core exports fell for the first time in eight months , with exports of non - electronic goods falling by 5.2 % YoY in November , while exports of electronic goods rose by 4.5 % over the same period . Evidence for the decline in non - electronics were a fall in non - monetary gold , specialised metals and petrochemicals . The rise in electronics , driven by a rebound in the demand for semiconductors , marked the first monthly growth of the sector in almost a year . Meanwhile , weak imports saw shipments to its largest export market China , along with South Korea and Indonesia plunge , while exports to the US increased .