This sector's exports are now worth S$101.808bn, representing more than 50% of foreign exchange earnings.
Foreign exchange earnings from livestock, although difficult to quantify, are second.
They generated nearly $1 billion in foreign exchange earnings and supported 300,000 local jobs.
It's through foreign exchange earnings that they can develop.
Corporations often convert their foreign exchange earnings to dollars during December.
The best foreign exchange earnings were $257.7 million in the last quarter of 1987.
It has helped generate substantive foreign exchange earnings and employment.
Iraq's economy is dominated by the oil sector, which has traditionally provided about 95% of foreign exchange earnings.
He has been forced to forfeit $1.5 billion in foreign exchange earnings every month for four months now.
A small mineral industry provides about 5% of foreign exchange earnings.