ECONOMY | Staff Reporter, Singapore

Singapore trade inches up 1.1% in December

The seasonally adjusted total trade level dipped from $85.5b to $83.5b.

Singapore's total trade inched up by 1.1% in December, following the 10.1% growth last month, International Enterprise (IE) Singapore revealed.

According to an announcement, total exports grew by 0.6% after the 9.5% rise in November. Total imports rose by 1.6% compared to the 10.7% expansion last month.

On a MoM seasonally adjusted (SA) basis, total trade fell by 2.3% compared to the 5.4% growth in November. Moreover, the level of total trade reached $83.5b, which is lower than last month's $85.5b.

Total exports decreased by 1.5% whilst total imports declined by 3.3%.

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