November exports to the United States fell 10.6 percent, down 50.6 percent in October; to China's export growth to 0.3 percent in November, up 2.5 percent in October.
However WuKunLung expected November export data is not much impact to the April policy meeting of the Monetary Authority of Singapore (MAS), the council will consider the situation in the European quarter of next year.
IES announced that Singapore from November to exports to the EU decreased by 20.0% year-on-year decrease of 30.9 percent in October. The EU is Singapore's largest export market.
He pointed out that in November, exports recorded a growth is because of the low comparison base, and a rebound in exports may not be very strong World Steel Pipe News , because we expect the biomedical industry will shrink in the coming months.
November in non-electronic products, pharmaceutical exports rose 21.5 percentWorld Steel Pipe , an increase far more than 7.8 percent last month.
IES data show that Singapore non-oil exports in November grew 1.6 percent, better than market expectations fell 2.2%, exports fell 16.3 percent in October.
The data may be slightly positive partial response to concerns about Singapore's export-dependent economy, a substantial slowing down, but in the face from Europe and the United States on the occasion of the continuing uncertainty, the market is likely to remain cautious, because Europe and the United States is Singapore's major trading partners.
IES also said electronics exports in November grew 0.1 percent, reversing the contraction fell 31.2 percent in October; November non-electronic exports also recorded an increase, an increase of 2.4 percent, fell 6.9 percent in October.
Credit Suisse (Credit Suisse) the economist WuKunLung said that despite the recent recovery in the electronics industry, but exports of Singapore over the next few quarters is likely to remain weak.
Development Council of International Enterprise Singapore (IES) Friday (December 16) to data released by Singapore in November non-oil exports of electronic products began to grow after several consecutive months of decline. Or be able to reflect, before the advent of the holiday season, the global market increase the demand for small accessories.
11 rose after the non-oil exports, Central, an increase of 5.9 percent, an increase of 2.8% more than expected to shrink 6.0 percent in October.