Singapore goods trade tumbles by 15.2pc in second quarterTotal merchandise trade in Singapore dropped by 15.2 percent in the second quarter, following a slight growth of 0.5 percent in the previous quarter. Official data by Enterprise Singapore also showed on today that non-oil trade declined by 3.3 percent, after the previous quarter’s 4.4 percent increase, Channel News Asia reports. Oil trade fell sharply in the second quarter, by 61.9 percent, compared with the 15.9 percent drop in the first quarter. Non-oil trade declined by 7.7 per cent, while oil trade contracted by 50.6 per cent. On a quarter-on-quarter seasonally adjusted basis, NOX fell by 6.7 percent, after the 2.3 percent increase in the previous quarter.

Source: The Standard August 11, 2020 05:03 UTC