SINGAPORE, Dec. 17 (Xinhua) -- Singapore's external trade rebounded strongly in November, reversing October's decline, according to data released by Enterprise Singapore on Tuesday.
Total exports rose by 10.7 percent in November to 58.8 billion Singapore dollars (about 43.5 billion U.S. dollars) compared to the previous month, following a 2.7 percent contraction in October, said Enterprise Singapore, a statutory board under the Ministry of Trade and Industry.
Year-on-year, non-oil domestic exports grew by 3.4 percent in November, overturning October's 4.7 percent decline. The increase was driven by a rise in electronic exports, although non-electronic exports saw a decrease.
Non-oil re-exports also saw robust growth, expanding by 14.2 percent year-on-year in November, building on October's 7.1 percent increase. Both electronic and non-electronic re-exports contributed to this growth.
Oil domestic exports recorded an 18.2 percent decline year-on-year in November "amid lower oil prices compared to a year ago," the report said. Enditem
Go to Forum >>0 Comment(s)