Singapore’s non-oil domestic exports (NODX) rose 11.6% in May from a year ago after a 7.9% drop in April.
This was due to the expansion in non-electronic NODX which outweighed the decline in electronic NODX, according to the latest trade numbers released by trade promotion agency IE Singapore.
Electronic NODX slipped 6.0% in May compared to a year ago, down from the 7.4% fall in April. Non-electronic NODX grew 19.0% on year, reversing the 8.1% drop in April.
The largest contributors to the NODX increase were the US, Taiwan and Malaysia.
NODX exports to the European Union, China, South Korea, Hong Kong, Indonesia, Thailand and Japan made up the rest of the republic’s top 10 markets.
On a month on month basis, the NODX rose a seasonally adjusted 16.8% due to an increase in both electronics and non-electronic NODX. This extended the 4.5% rise in April.
Non-oil re-exports dipped 2.8%, continuing the 3.0% fall in April.
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This was due to the expansion in non-electronic NODX which outweighed the decline in electronic NODX, according to the latest trade numbers released by trade promotion agency IE Singapore.
Electronic NODX slipped 6.0% in May compared to a year ago, down from the 7.4% fall in April. Non-electronic NODX grew 19.0% on year, reversing the 8.1% drop in April.
The largest contributors to the NODX increase were the US, Taiwan and Malaysia.
NODX exports to the European Union, China, South Korea, Hong Kong, Indonesia, Thailand and Japan made up the rest of the republic’s top 10 markets.
On a month on month basis, the NODX rose a seasonally adjusted 16.8% due to an increase in both electronics and non-electronic NODX. This extended the 4.5% rise in April.
Non-oil re-exports dipped 2.8%, continuing the 3.0% fall in April.
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