S'pore export growth falls

S'pore export growth falls

SINGAPORE (Reuter): Singapore's non-oil exports, excluding re- exports, rose only 2.3 percent in April to S$6.39 billion (US$4.6 billion), down sharply from 22 percent growth in the same period of last year, the Trade Development Board (TDB) said.

The TDB said there was a slowdown in exports of microcomputers, radios, and electronic parts for color TVs, radios and video cassette recorders.

But exports of integrated circuits, disk drives, video cassette recorders, printers, electronic calculators and modems remained strong, the TDB said.

Total trade grew 2.4 percent to S$26.44 billion ($19.02 billion), down sharply from 20.6 percent growth in March and a 27.6 percent rise in February this year.

April oil exports fell 13.1 percent in nominal terms and 12.1 percent in real terms, the TDB said.