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Q3 total merchandise trade shrinks; full-year forecast upgraded

Sharon See

Sharon See

Published Mon, Nov 23, 2020 · 09:50 PM
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Singapore

SINGAPORE'S authorities on Monday upgraded their full-year projection for total merchandise trade and non-oil domestic exports (NODX), as the Republic's third-quarter total merchandise trade continued to shrink but at a slower pace.

Total merchandise trade declined by 6.3 per cent year-on-year in Q3, easing from a 15.3 per cent fall in the April-June period, according to data from Enterprise Singapore (ESG).

Oil trade decreased by 39.5 per cent amid lower oil prices compared to a year ago, b…

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KEYWORDS IN THIS ARTICLE

Singapore Nodx
Trade

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