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Singapore's non-oil domestic exports up 0.3% in Sept

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Singapore's non-oil domestic exports bounced back from a sharp 8.4 per cent year-on-year fall in August to post a small 0.3 per cent rise last month.

SINGAPORE'S non-oil domestic exports bounced back from a sharp 8.4 per cent year-on-year fall in August to post a small 0.3 per cent rise last month.

The NODX did better on a month on month comparison, increasing by a seasonally-adjusted 2.8 per cent in September, after slipping 4.6 per cent, according to the latest trade figures released by International Enterprise Singapore Friday morning.

Shipments to Japan, Thailand and Indonesia were the top contributors to last month's increase. Exports to China, the US, South Korea, Taiwan and the EU dropped, among the 10 NODX markets.

Non-oil re-exports dipped 0.1 per cent in September from a year ago, against a 2.5 per cent jump in the previous month.

IE Singapore said September's expansion in NODX was due to an increase in the electronic NODX, which outweighed the decline in non-electronic NODX.

The electronic NODX rose 5.7 per cent year on year, reversing the 2.7 per cent drop in August. Non-electronic NODX fell 1.9 per cent in September following a 10.7 per cent decrease.