Total trade up by 5% in June

Compared to the same period in 2010, total exports grew by 6.2 percent in June 2011.

A government release said on a year-on-year basis, total trade rose by 5.0 percent in June 2011, following the 13 percent increase in the previous month.

Total exports grew by 6.2 percent in June 2011, following the 9.6 percent expansion in the previous month. Total imports increased by 3.7 percent in June 2011, following the 18 percent rise in the preceding month.

Meanwhile on a month-on-month seasonally adjusted basis, total trade contracted by 3.7 percent in June 2011, compared to the 3.6 percent increase in the previous month.

On a seasonally adjusted basis, the level of total trade reached S$81 billion in June 2011, lower than the previous month’s achievement of S$84 billion. Total exports declined by 2.3 percent in June 2011, compared to a 2.5 percent increase in the previous month. Total imports contracted by 5.1 percent in June 2011, compared to a 4.8 percent expansion in the previous month.