Singapore: export growth rebounds in March
Singapore’s non-oil domestic exports (NODX) rose by 18.5 percent in
March from the same period last year, in contrast to the 9.7 percent
decrease seen in February, according to the country’s International
Export Agency (IE).
Singapore’s non-oil domestic exports (NODX) rose by 18.5 percent in
March from the same period last year, in contrast to the 9.7 percent
decrease seen in February, according to the country’s International
Export Agency (IE).
Accordingly, electronic products export increased 10.4 percent year-on-year; major export products included chip products, computers and transistors.
Meanwhile, non-electronic product exports climbed 21.6 percent against the same period in 2014.
IE’s report also revealed that exports to Singapore’s top 10 NODX markets increased significantly in March, with the exception of Indonesia and Japan. The top three contributors to NODX growth in the same period were the EU, the US and Malaysia.-VNA
Accordingly, electronic products export increased 10.4 percent year-on-year; major export products included chip products, computers and transistors.
Meanwhile, non-electronic product exports climbed 21.6 percent against the same period in 2014.
IE’s report also revealed that exports to Singapore’s top 10 NODX markets increased significantly in March, with the exception of Indonesia and Japan. The top three contributors to NODX growth in the same period were the EU, the US and Malaysia.-VNA