For the European Union, shipments fell 15 per cent in September from a year ago and declined 4.7 per cent to the US, while shipments to China tumbled 15 per cent year-on-year

The Business Times is reporting that Singapore’s key exports fell for the 17th consecutive month in September as demand from crucial markets including the US and European Union continued to decline, data released on Friday showed.

Non-oil domestic exports fell 7.2 per cent in September from a year earlier to $12.81 billion (US$9.24 billion), trade promotion body International Enterprise Singapore (IE Singapore) said in a statement.

The decline was sharper than the average 6.0 per cent fall forecasted by analysts in a Dow Jones Newswires poll.

Total trade in September shrank 19.0 per cent to $68.28 billion from the same period a year ago.

IE Singapore said the decline in non-oil exports during September was due to weaker shipments of electronic and petrochemical products. read more…