Singapore's non-oil exports drop 7.9% in 1st half of 2002.SINGAPORE, July 16 Kyodo
Singapore's non-oil domestic exports totaled $S46.6 billion (about $26.9 billion) in the first half of this year, down 7.9% from the same period last year, the government said Tuesday.
The pace of fall is slower than the second half of last year, when exports shriveled shriv·el
intr. & tr.v. shriv·eled or shriv·elled, shriv·el·ing or shriv·el·ling, shriv·els
1. To become or make shrunken and wrinkled, often by drying: 24.2% year-on-year, International Enterprise Singapore International Enterprise Singapore (Abbreviation: IE Singapore,Chinese: 新加坡国际企业发展局) is a statutory board incorporated under the Ministry of Trade and Industry (Singapore) with the aim of spearheading the , the national trade promotion agency, said in a statement.
The less severe decline was due primarily to smaller falls in all-important electronics exports as well as a marginal growth of non-electronics, the agency said.
Electronics exports, which make up about 60% of total non-oil trade and 50% of manufacturing input, contracted 13.1%, whereas non-electronics exports turned in a fractional fractional
size expressed as a relative part of a unit.
fractional catabolic rate
the percentage of an available pool of body component, e.g. protein, iron, which is replaced, transferred or lost per unit of time. growth of 0.4%.
Singapore, which is emerging from its worst economic downturn since 1965, is trying hard to turn the export-driven economy into one less reliant on electronics in favor of more knowledge-intensive sectors such as pharmaceuticals and health sciences.
The agency also said Singapore's non-oil domestic exports amounted to S$7.75 billion, down 0.4% from a year earlier, but marking a significant improvement from the previous month's drop of 6.5%.