Singapore port. (Source: AFP/VNA) Singapore (VNA) – Singapore’s non-oil domestic exports (NODX) increased by 8.2 percent in June from a year earlier thanks to a surge in electronic and non-electronic exports, according to a recent report of the International Enterprise (IE) Singapore.
June’s non-electronic exports grew by 9.3 percent year on year while May saw a decline of 8.6 percent, thanks to larger shipments for "non-monetary gold, specialised machinery and petrochemicals", according to the report.
Electronics shipments have grown for eight straight months, but they expanded by only 5.4 percent in June from a year earlier. This was sharply weaker than the 28.9 percent surge recorded in May.
Shipments to China, Singapore's top overseas market, surged by 48.9 percent year on year. A similar rising trend was seen in the country’s leading export markets, including the Republic of Korea, Japan, Malaysia, Hong Kong (China), which helps to mitigate the decline in exports to the United States, Taiwan (China), the European Union, Thailand and Indonesia.
Singapore’s total trade rose by 7.5 percent, compared with June last year, on higher import and export growth.-VNA
VNA
