Singapore exports fell more than expected in December as a slump in sales to China deepened, adding to worries that global headwinds will keep the trade-dependent economy on a wobbly footing this year.
The data could revive expectations that the central bank will ease its monetary policy again in April or in an off-cycle move before that, especially as oil prices continue to tumble.
Non-oil domestic exports (NODX) slid 7.2 percent in December from a year earlier, trade agency International Enterprise Singapore said in a statement on Monday, missing the median forecast of a 5.1 percent contraction in a Reuters poll.
That compared with a 3.4 percent contraction in November.
On a month-on-month seasonally-adjusted basis, non-oil domestic exports fell 3.1 percent in December, worse than the forecast for steady shipments.