SINGAPORE: Singapore’s non-oil domestic exports (NODX) grew in a slower pace of 7 per cent year-on-year in July following the modified 8. 5 per cent growth in June , expanding for the 20th straight 30 days.
Each electronics and non-electronics exports increased, plus exports to the top 10 markets as a whole flower, mainly due to the twenty-seven European Union countries, Malaysia and Taiwan, based on official data released by Enterprise Singapore (ESG) on Wednesday (Aug 17).
However , NODX to China, Japan, Hk and Thailand dropped.
On a month-on-month seasonally adjusted schedule, NODX increased in a slower pace of just one. 4 per cent in July, following the previous month’s revised 3. 2 per cent development. Both electronics and non-electronics grew.
On a seasonally adjusted basis, the level of NODX reached S$17. almost eight billion in July, slightly higher than the previous month’s adjusted S$17. 6 billion, and also levels a year ago.
NODX rose on the year, mainly because of shipments of non-electronics. Electronics also grew.
On a year-on-year basis, electronic NODX rose by ten. 3 per cent within July, following the 4. 1 per cent development in the previous month.
Integrated circuits, areas of integrated circuits plus disk drives went up by 18. five per cent, 83. two per cent and 110. 2 per cent respectively, contributing the most to the growth in electronic NODX.
Non-electronic NODX increased simply by 6. 1 % in July on a year-on-year basis, following a revised 10 % rise the previous 30 days.
Specialised equipment, pharmaceuticals and constructions of ships and boats contributed one of the most to the growth in non-electronic NODX.