Singapore exports bounce back in February hinh anh 1A corner of Singapore (Source: internet)

Singapore (VNA) –
Singapore’s non-oil domestic exports (NODX) rose by 4.9 percent year-on-year in February, following a sharp drop of 10.1 percent in the previous month, according to International Enterprise Singapore.

On a seasonally adjusted basis, exports expanded by 16 percent over the month, after January’s 5.7 percent decline, due to strong growth in non-electronic exports.

Non-electronic products grew by 9.4 percent year-on-year in February, after a 7.9 percent January decline.

February’s exports to the country’s 10 leading markets saw growth, excluding Japan, the Republic of Korea, the European Union and Indonesia. 

The largest contributors to the NODX growth were China (34.4 percent), Hong Kong (41.9 percent) and the US (6.6 percent).-VNA