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Singapore export growth slower in Feb.

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SINGAPORE, March 17 (Xinhua) -- The non-oil domestic exports of Singapore rose 7.8 percent year on year in February, compared with 21 percent in January, official statistics released Thursday showed.

The growth was below market estimates of close to 11 percent.

The International Enterprises Singapore, a trade promotion agency, said the slower growth was mainly attributed to a 13 percent year-on-year contraction in the exports of electronics as demand dropped for disk drives, parts of integrated circuits and computer parts.

The pharmaceutical exports were also weaker than expected, growing 1.3 percent, compared with a surge of 38.6 percent for January.

Non-electronic exports grew 20 percent year on year, led by ships, boats, petrochemicals and specialized machinery.

On a seasonally adjusted basis, the non-oil domestic exports rose 2.9 percent month on month, compared with 2.1 percent in January. The top three contributors to the rise in exports in February were the European Union, the United States and China.

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