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China still Singapore's most preferred investment destination within Asia in 2011 (2)

(Xinhua)

13:23, January 25, 2013

According to official data, the cumulative stock of the Singapore's DIA increased from 409.5 billion Singapore dollars ( 333.5 billion U.S. dollars) in the preceding year to 416.4 billion Singapore dollars (339.1 billion U.S. dollars) as of end-2011.

For external trade aspect, Singapore saw exports of goods declining by 0.9 percent due to weakened global demand, especially electronics, while non-oil domestic exports grew by 0.5 percent in 2012.

The top three merchandise trade partners with this country, excluding the EU 27, was Malaysia, China and Indonesia in 2012. The total trade with these three countries registered at 1.3 percent, 2.4 percent and 1.8 percent up respectively, while the total trade "with major developed markets such as the European Union, the United States and Japan as a bloc declined by 2.4 percent in 2012 due to weak economic conditions in these economies ".

Last year, Singapore's total trade reached 984.9 billion Singapore dollars (802 billion U.S. dollars), up 1.1 percent on year.


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Email|Print|Comments(Editor:黄蓓蓓、梁军)

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