Singapore trade surplus increases in December


Singapore's trade surplus increased to S$2 billion in December, as exports fell to S$38.47 billion and imports decreased to S$36.45 billion when compared to November.

On a year-on-year (y-o-y) basis, non-oil domestic exports declined by 16.3 per cent in December 2012, following the 2.6 per cent decrease in the previous month, due to both electronic and non-electronic non-oil domestic exports.

On a y-o-y basis, non-oil domestic exports to all of the top 10 non-oil domestic exports markets contracted in December 2012. The top three contributors to the non-oil domestic exports decline in December 2012 were the US, Malaysia and South Korea.
 
On a y-o-y basis, non-oil retained exports decreased by 8.5 per cent in December 2012, after the 3.6 per cent contraction in the previous month, due to both electronic and non-electronic non-oil retained exports.
 
On a y-o-y basis, total trade contracted by 8.2 per cent in December 2012, following the 3.6 per cent decrease in the previous month. Total exports declined by 13.8 per cent in December 2012, following the 2.8 per cent contraction in the previous month. Total imports decreased by 1.5 per cent in December 2012, following the 4.5 per cent decline in the preceding month.
 
On a m-o-m SA basis, total trade contracted by 5.5 per cent in December 2012, following the 0.6 per cent decrease in the previous month. On a SA basis, the level of total trade declined to S$76 billion in December 2012 from S$81 billion in the preceding month. Total exports decreased by 3.9 per cent in December 2012, after a 0.5 per cent decline in the previous month. Total imports contracted by 7.2 per cent in December 2012, following a 0.7 per cent decrease in the previous month.

 


International Enterprise Singapore | Nuno Salva | nuno.salva@tradingeconomics.com
1/21/2013 9:27:55 AM