SINGAPORE (Reuters) -Singapore’s non-oil domestic exports fell 11.3% in August from the same month a year earlier, government data showed on Wednesday, weaker than analysts’ estimates as exports of both electronics and non-electronics fell.
The fall compared with a Reuters poll forecast for an annual rise of 1.0%, and followed a revised fall of 4.7% in July.
Non-oil exports to Indonesia, the U.S. and China declined in August, but rose to the European Union, Taiwan and South Korea, Enterprise Singapore said.
Despite having a free-trade agreement and running a trade deficit with the U.S., Singapore has still been slapped with a 10% tariff rate by Washington. Singapore’s exports to the United States dropped by an annual 28.8% in August, following a 42.8% fall in July.
While the city-state