Singapore NODX up 8.2% in June

Bruno Cirelli
Luglio 17, 2017

Singapore's non-oil domestic exports (NODX) grew by 8.2 per cent year-on-year in June, led by stronger electronic and non-electronic shipment.

Both electronic and non-electronic shipments rose, with the electronics sector clocking in its eighth straight month of expansion.

Non-oil re-exports rose by 9.1 percent in June 2017, due to the increase in both electronic and non-electronic re-exports.

Electronic NODX increased 5.4% in June compared with a 28.9% increase in May.

Non-electronic shipments rose 9.3%, after an 8.6% decline in the previous month. ICs, disk media products and capacitors grew by 20.7%, 2.9% and 10.5%, respectively, and they contributed the most to the growth in electronic domestic exports.

The level of Nodx was S$14.5 billion last month, down from the S$14.9 billion the previous month.

"We still maintain our positive outlook on the overall NODX expansion for 2017, supported by continued growth in electronics exports".

Month-on-month, total trade decreased by 3.7 per cent in June, after the 7.6 per cent growth in May.

Total exports declined by 2.5 per cent in June, following the 7.2 per cent increase in May.

The largest contributor to the increase was China, Singapore's top export market, at 48.9 percent. Gold, specialised machinery and petrochemicals contributed the most to the growth, rising by 148%.

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