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Singapore's non-oil domestic exports fall 1.2% y-o-y in May

Friday, June 16, 2017 - 08:31

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SINGAPORE'S non-oil domestic exports (NODX) decreased slightly by 1.2 per cent in May 2017 on a year-on-year basis, according to figures released by International Enterprise Singapore on Friday.

But the trade agency said this reflects the decrease in non-electronic NODX off the high base a year ago, while electronic NODX grew for the seventh month straight.

NODX to the top 10 markets, except Hong Kong, expanded in May.

Meanwhile, non-oil re-exports (NORX) rose by 14.3 per cent in May, due to the growth in both electronic and non-electronic re-exports.

Total trade rose over the year in May, supported by both import and export growth.

sentifi.com

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