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Singapore’s non-oil domestic exports recover

Singapore’s non–oil domestic exports (NODX) rebounded at 11.5 percent in November from a 12 percent reduction in the previous month, according to data of the International Enterprise (IE) Singapore.
Singapore’s non-oil domestic exports recover ảnh 1Illustrative photo (Photo: The Business Times)

 Singapore (VNA) – Singapore’s non–oil domesticexports (NODX) rebounded at 11.5 percent in November from a 12 percent reductionin the previous month, according to data of the International Enterprise (IE)Singapore.

Electronic shipments grew 3.5 percent after dropping 6percent in October, largely due to increases in the export of integratedcircuits (IC), computer parts and disks.

Meanwhile, non-electronic goods also witnessed a recoverywith a rise of 15.3 percent, contrasting to a decline of 14.6 percent in theprevious month. The increase in this area was led by pharmaceuticals, specialized machinery andpetrochemicals.

IESingapore said the country’s shipments to ten top markets, except Japan,Thailand and Indonesia, rose in November, with increases of 48.3 percent inexports to the EU, 38.1 percent in Hong Kong – China and 15.8 percent inmainland China.

Singapore’s NODX is forecasted to fall at 4.1 percent in2016, but expected to grow at 0.7 percent in 2017.-VNA

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