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Singapore's non-oil domestic exports fall 9.7% in February

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SINGAPORE'S non-oil domestic exports (NODX) fell by a sharp 9.7 per cent year on year in February, following three straight months of increase.

SINGAPORE'S non-oil domestic exports (NODX) fell by a sharp 9.7 per cent year on year in February, following three straight months of increase.

Both the electronic and non-electronic NODX declined by 12.5 per cent and 8.5 per cent respectively.

Month on month, the NODX slipped by a seasonally adjusted 9.4 per cent in February after a 1.6 per cent rise in the previous month.

NODX shipments to all 10 major markets fell year on year, except for the United States, South Korea, Thailand and Malaysia.

The three top contributors to last month's decline in the NODX were China, Japan and Taiwan.

Non-oil re-exports inched up 0.9 per cent year on year in February, easing from a 12.7 per cent jump in January.