ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Singapore's export slump worsens, marking biggest fall in 6 years

Local banks downgrade city-state's growth forecast amid trade war

SINGAPORE -- Singapore's exports dropped 17.3% from a year ago in June, the fourth consecutive month of double-digit declines, intensifying worries about an export slump amid the prolonged U.S.-China trade tensions.

According to government data released Wednesday, the city-state's benchmark nonoil exports fell more sharply in June than the 16.3% decline in May, slowing at their fastest pace since February 2018, when overseas shipments dropped by 33.2%.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more