Singapore's exports fall 11.3% y-o-y in August, much weaker than forecast

A pedestrian looks out to a container vessel docked at the Pasir Panjang port terminal in Singapore. — AFP

SINGAPORE: Singapore's non-oil domestic exports fell 11.3% in August from the same month a year earlier, government data showed on Wednesday, weaker than analysts' estimates as exports of both electronics and non-electronics fell.

The fall compared with a Reuters poll forecast for an annual rise of 1.0%, and followed a revised fall of 4.7% in July. Non-oil exports to Indonesia, the U.S. and China declined in August, but rose to the European Union, Taiwan and South Korea, Enterprise Singapore said.