Singapore's non-oil exports drop 19 per cent in April

Singapore's non-oil exports drop 19 per cent in AprilSingapore - Singapore's non-oil exports dropped by 19 per cent in April compared with one year earlier, after a decline by 17 per cent in the previous month, the government said Monday.

Shipments of electronic goods fell by 26 per cent in April year-on-year largely due to lower demand for computer parts and disk drives, the city-state's trade promotion agency, International Enterprise Singapore said.

Exports of non-electronic goods decreased by 15 per cent in April 2009 compared with a year ago, led by reduced exports of petrochemicals or pumps.

Non-oil exports to all of Singapore's top 10 markets declined. Compared with April 2008, non-oil exports to the United States fell 35 per cent, to Indonesia 33 per cent and to the EU 31 per cent, the agency said.

The Singapore government projects its export-dependent economy to shrink by as much as 9 per cent this year.