Singapore total trade falls 8.6% in March

A boat sails past a container vessel docked at the PSA West Coast port terminal in Singapore on April 11, 2023. (Photo by Roslan RAHMAN / AFP)

SINGAPORE: Singapore's total trade fell 8.6 per cent on a year-on-year basis in March with total exports and imports declining by 6.5 per cent and 10.9 per cent, respectively.

According to Enterprise Singapore (EnterpriseSG), total trade declined in March 2023 due to the decrease in both oil trade (16.1 per cent) and non-oil trade (6.7 per cent).