Singapore's trade crosses S$1 trillion for first time in 4 years

Singapore

And both the trade and the non-oil domestic export (NODX) growth are tipped to ease further to zero to 2 per cent in 2019, according to Enterprise Singapore.

Total trade jumped 9.2 per cent from a year ago to S$1.1 trillion, after an 11.1 per cent increase in 2017, according to figures released by the trade promotion agency on Friday. The last time Singapore's trade crossed S$1 trillion was in 2014.

Singapore's total trade was S$967 billion in 2017 and S$870 billion in 2016.

Both oil and non-oil trade contributed to total merchandise trade growth in 2018. Oil domestic shipments increased 17.1 per cent, easing from a 33.4 per cent jump in 2017. Non-oil exports rose 6.5 per cent in 2018, comparable to the 6.8 per cent growth in the …