Sunday, August 20, 2017 - 17:02:02

Singapore’s exports increase in October

Print

Trade agency International Enterprise (IE) Singapore announced on November 18 that Singapore 's non-oil domestic exports (NODX) expanded 2.8 percent in October compared to a year ago.

On a month-on-month seasonally adjusted basis, NODX rose by 3.2 percent to reach 14.6 billion SGD in October 2013.

The rise was due to an increase in non-electronic NODX which outweighed the decline in electronic NODX. Non-electronic NODX expanded by 4.9 percent thanks to growth in exports of prefabricated buildings, printed matter and petrochemicals.

Electronic NODX contracted by 1.4 percent last month, largely due to a slump in disk media products, telecommunications equipment and parts of PCs.

On a year-on-year basis, NODX to all of the top 10 NODX markets, except the United States , European Union , Japan , the Republic of Korea and Indonesia , expanded last month. The top three contributors to the NODX growth were China , Taiwan and Malaysia .

The government trade promotion agency also said that non-oil re-exports (NORX) rose by 26.7 percent last month thanks to both electronic and non-electronic NORX, increasing 32.6 percent and 20.7 percent, respectively.-VNA
Your comments about this article ...
Others