Illustrative photo (Source: straitstimes.com) Singapore (VNA) – Singapore's non-oil domestic exports (Nodx) in increased 17 percent in August, reported the trade agency International Enterprise (IE) Singapore.
Nodx expanded for a fourth straight month thanks to increases in both electronic and non-electronic sales.
On a month-on-month and seasonally adjusted basis, shipments were up 4.5 percent, after falling 3.3 percent in July.
On a year-on-year basis, electronic Nodx surged by 21.7 percent in August, following the 15.3 per cent growth in July and topping forecast for 15 percent growth.
Growth was led by integrated circuits or chips (ICs), disk media products and parts of ICs, which increased by 36.8 percent, 13.3 percent and 44.8 percent respectively.
Non-electronic products did well too, rising by 15 percent, much better than the 4.4 percent growth in the previous month.
Non-monetary gold, petrochemicals and specialised machinery increased by 137.7 percent, 31.9 percent and 44.9 percent respectively, contributing the most to the expansion.
August shipments to the majority of Singapore's top export markets rose, led by China, Hong Kong and the Republic of Korea.-VNA
VNA
