SINGAPORE

Electronics Lead Trade Growth: Singapore’s Trade Development Board said total trade rose to $17.4 billion in July, an increase of 19.7% over last July’s $14.9 billion. Non-oil domestic exports at 1990 prices grew 19.6% from year-ago levels, a slowdown from the 43.7% growth posted in June. Growth was led by electronic products such as disk drives and integrated circuits, the board said. On a three-month moving average basis, trade volume rose 23.7%. The volume of exports increased 32.2%, while imports grew 16.2%. Exports of oil grew 22.1% in volume, but only 1.1% in value because of lower oil prices. The volume of imports rose 16.2% in July, led by electronic products and accessories.