Singapore total trade breaks $1t again after four years

Submitted By:  Danielle Isaac Case Study:  No But momentum could taper off as growth could slow down in 2019. Singapore’s total merchandise trade rose 9.2% to reach $1.1t in 2018, a record it has not hit since 2014, data from Enterprise Singapore (ESG) revealed. However, the growth rate in 2018 is weaker than the rate in 2017 (11.1%) According to its 2018 review, both exports and imports grew by 7.9% and 10.6% respectively. Oil trade rose 16.8% in 2018 amidst higher oil prices, whilst non-oil trade grew 7.3% in 2018. read more