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Singapore's Recent Exports: The Bright Spots

Singapore's Recent Exports: The Bright Spots

SINGAPORE’S RECENT EXPORTS: THE BRIGHT SPOTS

Singapore’s exports are diversified across many markets, including both developed and developing economies (Exhibit 1). However, with the synchronous collapse of global trade arising from the current global economic crisis, Singapore’s domestic exports to all of her key trading partners have, at some point, contracted by at least 30 per cent in year-on-year terms (Exhibit 2).

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