Singapore's foreign trade grew by 9.6 per cent in 2008

Singapore's foreign trade grew by 9.6 per cent in 2008Singapore - Singapore's total trade grew by 9.6 per cent last year, boosted by higher oil prices in the first three quarters, the city-state's trade promotion agency reported on Friday.

Total exports increased by 5.8 per cent while imports rose by 14 per cent for last year, International Enterprise Singapore said.

But non-oil domestic exports declined by 7.9 per cent due to lower demand in the main markets of the United States, the European Union and Malaysia for electronics and other goods. (dpa)

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