International Herald Tribune, 17 Feb 2009, The Associated Press
SINGAPORE: Singapore's non-oil exports, which account for two-thirds of the city-state's gross domestic product, plunged in January as global demand collapsed amid the country's worst recession in decades.
Exports in January fell 35 percent from a year earlier to 10.0 billion Singapore dollars ($6.6 billion), according to Trade and Industry Ministry figures released Tuesday. Exports fell a seasonally adjusted 3.2 percent in January from the previous month.
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