Singapore's non-oil domestic exports (NODX) in January reached 13.6 billion SGD, down 3.3 percent year-on-year and 5 percent month-on-month, announced trade agency IE Singapore on Feb. 17.
According to IE Singapore’s report, export decrease last month was due to declines in both electronic and non-electronic NODX.
The electronic NODX contracted a sharper 17 percent in January, after a 3.1 percent decline in the previous month. The non-electronic NODX expanded by 3.5 percent in the month, following a 10.6 percent increase in December 2013.
Non-oil re-exports (NORX) continued to rise last month, 9 percent, after a 14.2 percent growth in December last year.
Except China , the EU, the US , and Indonesia , NODX to all of Singapore 's top 10 markets fell last month. The top three contributors to the decline were Hong Kong, the Republic of Korea and Taiwan .
Despite the poor start, analysts said the full-year exports will outdo last year's 6 percent contraction.-VNA
According to IE Singapore’s report, export decrease last month was due to declines in both electronic and non-electronic NODX.
The electronic NODX contracted a sharper 17 percent in January, after a 3.1 percent decline in the previous month. The non-electronic NODX expanded by 3.5 percent in the month, following a 10.6 percent increase in December 2013.
Non-oil re-exports (NORX) continued to rise last month, 9 percent, after a 14.2 percent growth in December last year.
Except China , the EU, the US , and Indonesia , NODX to all of Singapore 's top 10 markets fell last month. The top three contributors to the decline were Hong Kong, the Republic of Korea and Taiwan .
Despite the poor start, analysts said the full-year exports will outdo last year's 6 percent contraction.-VNA
