Singapore – Mar external trade
17/04/2018 12:26 pm MYT
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Year-on-year, total trade in Mar fell by 0.6% due to declines in both imports (0.3%) and exports (0.8%) – see figure 1. Non-oil domestic exports (NODX) decreased by 2.7% due to a decline in both the exports of electronic and non-electronic products – see table 1. Non-oil re-exports fell by 0.2%, year-on-year.

NODX to Singapore’s top 10 markets, except for China, Hong Kong, Thailand and Malaysia, rose in Mar, with the US (+32.6%), Japan (+21.6%) and the EU28 (+11.3%) as the largest contributors. Meanwhile, NODX to emerging markets plunged by 20.3%, mainly due to declines in the Caribbean (-42.2%), the Middle East (-37.6%), and Latin America (-23.0%).

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Note from Publisher
The much-awaited talk between president Xi Jinping and Donald Trump at the G-20 Summit in Buenos Aires ended with a tariff truce between the two economic giants. The US stock markets rallied in response. However, the rally was short-lived when the markets realised that there are still many uncertainties in the trade conflict between the two countries. In addition, a section of the US yield curve became inverted for the first time in more than a decade, signaling a potential recession in the US economy.

i Capital has advised subscribers since last year to watch the US yield curve carefully and it has also asked a number times whether the US economy is about to enter into a recession. Although chairman Powell has caved in to Trump’s crude bullying, the threat of the US yield curve fully inverting and a 2019 US recession has not subsided.

Meanwhile, www.icapital.biz has soft launched a new interactive chart section. Subscribers are encouraged to try out this new exciting feature in www.icapital.biz. Subscribers can conduct their own economic and technical analyses by viewing the charts of their chosen economic indicators or stocks, according to their preferred chart types and time periods. They can also compare multiple economic indicators or stocks across countries and more. Do try it out and let us know what you think.
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