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. The decline was driven mainly by a fall in imports from China, which dropped to its lowest level since September 2014. Overall, non-oil exports dropped 2.6% in November from a year ago. The rise in electronics, driven by a rebound in the demand for semiconductors, represented the first monthly growth of the sector in almost a year. Meanwhile, weak demand saw shipments to its largest export market China, along with South Korea and Indonesia plunge, while exports to the US grew.
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. The decline was driven mainly by a fall in imports from China, which dropped to its lowest level since September 2014. The rise in electronics, driven by a rebound in the demand for semiconductors, represented the first monthly growth of the sector in almost a year. Meanwhile, weak demand saw shipments to its largest export market China, along with South Korea and Indonesia plunge, while exports to the US grew.