Singapore’s Exports Decline on Electronics, Drugs (Update1)

Bloomberg.com, 17 Dec 2008, Shamim Adam

Dec. 17 (Bloomberg) -- Singapore’s exports fell the most in more than six years in November as weakening orders for electronics and drugs from developed and emerging markets led to the longest slump in overseas sales since 2002.

Non-oil domestic exports dropped 17.5 percent from a year earlier, after contracting a revised 15.4 percent in October, the trade promotion agency said in a statement today. Economists had expected a 14.5 percent decline. Total exports, including oil shipments and re-exports, fell 11.8 percent.

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