Singapore Trade Surplus Narrows in November


Singapore's trade surplus narrowed to S$1.9 million in November, as exports fell to S$41.78 billion and imports decreased slightly to S$39.83 billion when compared to October.

On a year-on-year basis, non-oil domestic exports declined by 2.5 per cent in November 2012, compared to the 7.9 per cent increase in the previous month, due to a contraction in electronic exports which outweighed the rise in non-electronic exports.

On a year-on-year basis, total trade contracted by 3.6 per cent in November 2012, compared to the 3.3 per cent increase in the previous month. Total exports declined by 2.7 per cent in November 2012, compared to the 1.6 per cent expansion in the previous month. Total imports contracted by 4.5 per cent in November 2012, in contrast to the 5.1 per cent growth in the preceding month.
 
On a month-on-month seasonally adjusted basis, total trade contracted by 0.6 per cent in November 2012, compared to the 3.5 per cent increase in the previous month. On a seasonally adjusted basis, the level of total trade held stable at S$81 billion in November 2012. Total exports decreased by 0.4 per cent in November 2012, after a 2.2 per cent growth in the previous month. Total imports declined by 0.7 per cent in November 2012, compared to a 4.8 per cent rise in the previous month.

International Enterprise Singapore | Andre Crujo | andre@tradingeconomics.com
12/17/2012 9:48:45 AM