Tuesday, August 22, 2017 - 2:57:57

Singapore’s non-oil domestic exports drop further

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Singapore's non-oil domestic exports (NODX) in July fell 3.3 percent on-year by a decrease in both electronic and non-electronic exports.

According to statistics released on Aug. 18 by International Enterprise (IE) Singapore, the fall in NODX comes after a 4.6 percent contraction in the previous month and a 6.6 percent reduction in May.

Electronic exports fell 7.9 percent on-year last month, following the 17.4 percent decrease in June, largely due to shrinking sales of integrated circuits (IC) (-5.1 percent), parts of PCs (-14.5 percent) and disk media products (-18.5 percent).

Non-electronic exports contracted by 1.1 percent in July, due to decreases in structures of ships and boats (-40.7 percent), aircraft parts (-48 percent) and civil engineering equipment parts (-25.4 percent).

According to IE Singapore’s Aug.13 statement, in the first half of the year, NODX fell 2.3 percent year-on-year. China was Singapore 's biggest market with 15.2 percent of total NODX, which jumped 16.4 percent.

Exports to the US rose 3.8 percent and they increased 8.2 percent to Malaysia .

NODX shipments to Hong Kong plunged 22.6 percent; to the EU, down 10.5 percent; and to Thailand, down 6.4 percent.-VNA
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