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Singapore's June NODX up 8.2% from a year ago
SINGAPORE'S non-oil domestic exports (NODX) rose by 8.2 per cent to S$14.7 billion compared to a year ago in June 2017.
On Monday, IE Singapore said that this followed the flat performance in the preceding two months and expansion in the first quarter of 2017 due to the increase in electronic and non-electronic NODX.
On a month-on-month seasonally adjusted (m-o-m SA) basis, NODX declined by 2.7 per cent in June 2017, after the previous month's 9.4 per cent increase, as the decline in electronic NODX outweighed the increase in non-electronic NODX. On a SA basis, the level of NODX reached S$14.5 billion in June 2017, lower than the S$14.9 billion in the previous month.
Compared with a year ago, electronic NODX increased by 5.4 per cent in June 2017, following the 28.9 per cent expansion in the previous month. Integrated circuits, disk media products and capacitors contributed the most to the growth in electronic domestic exports.
Non-electronic NODX grew by 9.3 per cent in June 2017, in contrast to the 8.6 per cent decline in the previous month. Non-monetary gold, specialised machinery and petrochemicals contributed the most to the growth in non-electronic NODX.
NODX to the top markets - China, South Korea, Japan, Malaysia and Hong Kong - rose, outweighing the declines to the US, Taiwan, the EU 28, Thailand and Indonesia.
Non-oil re-exports (NORX) rose by 9.1 per cent from a year ago in June 2017, after the 15 per cent expansion in May 2017, due to the higher shipment of both electronic and non-electronic NORX.
Total trade increased by 7.5 per cent from a year ago in June 2017, marking the eighth consecutive growth month for both exports and imports.