The figure is lower than the 20.3-percent decline in the previous month, Enterprise Singapore noted, adding that NODX in August fell 3.8 percent month-on-month, compared to the previous 3.5-percent contraction in July.
In August, electronic exports contracted by 21.1 percent and non-electronic exports declined by 19.9 percent, according to the government agency.
Singapore's total trade contracted in August 2023, both in exports and imports. On a year-on-year basis, the total trade declined by 15.2 percent during this period, following the 20.9 percent contraction in the preceding month.
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