Tiny Singapore replaces U.S. as India's top market for engineering exports

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Singapore replaced the United States as India's biggest overseas market for engineering parts in April, with exports rising 95% to $553 million from a year earlier, a trade body said on Wednesday, as statistics are upended by coronavirus lockdowns.

FILE PHOTO: An aerial view of shipping containers stacked at the port of Singapore February 14, 2012. REUTERS/Edgar Su

India’s overall engineering exports, comprising industrial machinery and auto parts, constitute nearly a quarter of total goods exports, contracting in April and May due to the coronavirus and weak global demand, traders said. India is due to release monthly trade data for May next week and is widely expected to report another fall in exports.

 

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That’s because the US is making more of those machines in the US, but you guys knew that.

trump effectively did this

'Tiny'? Really a new edited headline? Fuck!

The global economy is decoupling from the US economic extortion racket.

Tiny 😅

Singapore also overtook the usa as the most competitive and open economy in the world.

Trinhnomics is this possible?

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