SINGAPORE: Singapore’s non-oil domestic exports (NODX) grew at a slower pace of nine. 0 per cent year-on-year in June following the modified 12. 0 percent growth in May , expanding for the nineteenth straight month.
Both electronic devices and non-electronics exports increased, and exports to the top 10 marketplaces as a whole rose in June, mainly because of the United States, Malaysia and Indonesia, according to established data released by Enterprise Singapore (ESG) on Monday (Jul 18).
NODX to the 27 Eu countries, Hong Kong, South Korea and Thailand declined.
On the month-on-month seasonally modified basis, NODX increased by 3. 7 per cent in June, following the previous month’s revised 2 . eight per cent growth. Each electronics and non-electronics grew.
On the seasonally adjusted basis, the level of NODX achieved S$17. 7 billion in June, greater than the previous month’s S$17. 1 billion, in addition to levels a year ago.
NODX rose within the year, mainly because of shipments of non-electronics. Electronics also increased.
On a year-on-year basis, electronic NODX rose by 4. 1 per cent in June, following the 12. 9 per cent growth in the previous month.
Integrated circuits, areas of integrated circuits plus disk drives rose by 26. 0 per cent, 86. 1 per cent and eighteen. 0 per cent correspondingly, contributing the most towards the growth in electronic NODX.
Non-electronic NODX increased simply by 10. 6 percent in June on a year-on-year basis, following the revised 11. 7 per cent rise the previous month.
Foods preparations, petrochemicals and measuring instruments added the most to the development in non-electronic NODX, increasing by 48. 0 per cent, twenty one. 1 per cent plus 30. 9 per cent respectively.