17 Feb '11, 2am

Singapore trade expands 21% in 2010

Singapore trade expands 21% in 2010

SINGAPORE'S external trade recovered in 2010, rising by 21 per cent, following a 19 per cent decline in 2009, International Enterprise (IE) Singapore said on Thursday. The level of total trade reached $902 billion in 2010, up from $747 billion in the previous year. IE Singapore attributed this expansion to an increase in both exports and imports. Exports and imports grew by 22 per cent and 19 per cent respectively in 2010. Non-oil domestic exports (NODX) grew by 23 per cent in 2010, following a decrease of 11 per cent in 2009, on higher sales of both electronic and non-electronic NODX. Electronic NODX grew by 26 per cent in 2010, after a decline of 18 per cent in 2009. Non-electronic NODX rose by 21 per cent in 2010, in contrast to the previous year's contraction of 5.7 per cent. Non-electronic NODX (comprising 63 per cent of NODX) grew by 21 per cent in 2010, in contrast ...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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