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Saturday, May 17, 2008


Singapore exports rose 5.4% in April, gov't says


AFP


SINGAPORE -- Singapore's key exports grew 5.4 percent in April from the previous year, rebounding from a decline in March, driven by strong demand from the European Union, China and Indonesia, government data showed Friday.

Non-oil domestic exports (NODX) rose to S$14.02 billion (US$10.17 billion), reversing a 5.9 percent annual contraction in March, the trade promotion body International Enterprise (IE) Singapore said.

While NODX to the United States fell 17 percent, exports to the EU rose 17 percent turning around a 24-percent drop in March, IE Singapore said. Shipments to China and Indonesia expanded 19 percent and 20 percent, respectively, also swinging back from declines.

 




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