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

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’
Topic |   China economy

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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
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Finbarr Bermingham

Finbarr Bermingham

Finbarr Bermingham has been reporting on Asian trade since 2014. Prior to this, he covered global trade and economics in London. He joined the Post in 2018, before which he was Asia Editor at Global Trade Review and Trade Correspondent for the International Business Times.