Year on year, total exports declined by 9.3 percent to SGD 41.89 billion, following a 0.7 percent expansion in March.
Non-oil domestic exports (NODX) rose by 2.2 percent in April, significantly slowing from a 18.5 percent growth in the previous month, due to an expansion in non-electronic which outweighed a decline in electronic NODX. Electronic sales fell by 3.8 percent, after a 10.4 percent expansion in the preceding month, largely due to parts of ICs (-75.1 percent), parts of PCs (-18.4 percent) and consumer electronics (-44.0 percent). Non-electronic NODX expanded by 4.7 percent, following a 21.6 percent increase in the previous month, largely due to a rise in structures of ships & boats (+3,566.7 percent), non-electric engines & motors (+253.2 percent) and pharmaceuticals (+7.5 percent).
Oil exports fell 34.9 percent, following a 22.4 percent contraction a month ago. The year-on-year decline of oil exports was mainly due to lower sales to Malaysia (-59.4 percent), Australia (-51.3 percent) and Indonesia (-22.0 percent).
Non-oil re-exports (NORX) declined by 1.9 percent in April, following a following a 1.6 percent expansion in the previous month, due to a decrease in both electronic and non-electronic NORX. Electronic NORXdecreased by 2.1 percent following a 0.9 percent contraction in the preceding month, due to ICs (-3.4 percent), parts of ICs (-53.3 percent) and parts of PCs (-11.2 percent). Non-electronic NORX contracted by 1.6 percent in April, as compared to a 4.2 percent rise in the previous month, largely due to a contraction in piston engines (-54.0 percent), petrochemicals (-25.2 percent) and precious stones & pearls (-35.0 percent).
NODX to top ten markets in April increased on an annual basis except for Taiwan, the US, China, Malaysia, Indonesia, Hong Kong, Thailand and Japan. The top three contributors to the growth were South Korea the EU countries. NODX to South Korea expanded by 30.6 percent, following a 20.5 percent growth in the previous month, led by ICs (+36.6 percent), civil engineering equipment parts (+630.4 percent) and specialised machinery (+16.6 percent). NODX to the EU countries rose by 11.4 percent, following a 56.2 percent increase in March, due to pharmaceuticals (+29.6 percent), PCs (+94.0 percent) and non-electric engines & motors (+255.4 percent). NODX to emerging markets increased by 22.9 percent in April, following a 69.0 percent rise in the previous month, mainly due to Caribbean (+194.6 percent), the Middle East (+50.2 percent) and CLMV (+16.6 per cent).
NORX to top ten markets declined except to China and Thailand. The top three contributors to the contraction in April were Japan (-22.4 percent), Malaysia (-10.5 percent) and Taiwan (-15.5 percent).
Imports decreased by 14.2 percent to SGD 35.98 billion in April, following a 14.8 percent fall in the previous month.
In March, Singapore posted a SGD 8.63 billion surplus.