Singapore's non-oil domestic exports down 3.3% in Nov

NON-OIL domestic exports fell 3.3 per cent year on year in November after a flat growth in October, trade promotion agency International Enterprise Singapore reported on Thursday.

Month on month, NODX dropped by a seasonally-adjusted 3.8 per cent after a 0.3 per cent dip in the previous month.

Both the year on year and month on month figures for October have been revised: the former was earlier reported to be a 0.5 per cent decline while the latter was a 1.1 per cent uptick.

Non-oil re-exports continued to increase in November, but easing from 6.1 per cent in October to 5.1 per cent year on year - thanks to an expansion in both electronic and non-electronic NORX.

NODX shipments slipped in all the top 10 markets except for the US, Japan, Thailand and South Korea. China, Malaysia and the EU were the top contributors to the NODX drop.

IE Singapore said the fall in November's NODX was due to a decline in non-electronic NODX which outweighed the rise in electronic NODX.

Non-electronic NODX fell 5.1 per cent year on year in November after a 1.4 per cent increase in October. Electronic NODX grew 0.7 per cent following a 3.2 per cent drop.


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