(February 18 10:25) Sbr.com.sg
Submitted By:
Danielle Isaac
Case Study:
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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.
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