Exports to China and Hong Kong slumped by 23.3 per cent and 24.8 per cent from a year earlier respectively, showing Singapore’s vulnerability to fluctuations in regional trade as an important trade and shipment hub for Asia-Pacific. Photo: AFP
Exports to China and Hong Kong slumped by 23.3 per cent and 24.8 per cent from a year earlier respectively, showing Singapore’s vulnerability to fluctuations in regional trade as an important trade and shipment hub for Asia-Pacific. Photo: AFP
Economy /  China Economy

Singapore exports suffer biggest fall in three years as exposure to Chinese economy, US trade war bites

  • New data showed that Singapore's non-oil exports fell by 15.9 per cent in May, with exports to China and Hong Kong down 23.3 per cent and 24.8 per cent respectively
  • Broad-based decline most keenly felt in important electronics sector, with analysts suggesting a ‘global technology slump’

Finbarr Bermingham
Finbarr Bermingham

Updated: 2:20pm, 17 Jun, 2019

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Exports to China and Hong Kong slumped by 23.3 per cent and 24.8 per cent from a year earlier respectively, showing Singapore’s vulnerability to fluctuations in regional trade as an important trade and shipment hub for Asia-Pacific. Photo: AFP
Exports to China and Hong Kong slumped by 23.3 per cent and 24.8 per cent from a year earlier respectively, showing Singapore’s vulnerability to fluctuations in regional trade as an important trade and shipment hub for Asia-Pacific. Photo: AFP
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