Xinhua, Singapore :
Singapore’s non-oil domestic exports (NODX), a key gauge of the export performance of the small and highly open economy, declined by 0.8 percent in July year-on- year, said trade promotion agency International Enterprise(IE) Singapore in a news release Monday.
The decline in exports came after a 4.5 percent growth in June. The contraction was due to a decrease in non-electronic NODX which outweighed the rise in electronic NODX, said IE Singapore.
Electronic NODX rose by 2.3 percent in July on a year-on-year basis, continuing the 7.6 percent increase in June. The growth in electronic domestic exports was largely due to PCs, telecommunications equipment and diodes and transistors.
While non-electronic NODX decreased by 2.1 percent in July year- on-year, compared to the 3.3 percent expansion in the previous month, said IE Singapore. The contraction in non-electronic NODX was led by structures of ships and boats, printed matter and primary chemicals.
Except Hong Kong, South Korea and Thailand, NODX to all of the top 10 NODX markets declined in July on a year-on-year basis. The top contributors to the contraction in July were Japan, Chinese mainland and China’s Taiwan.
Singapore’s non-oil domestic exports (NODX), a key gauge of the export performance of the small and highly open economy, declined by 0.8 percent in July year-on- year, said trade promotion agency International Enterprise(IE) Singapore in a news release Monday.
The decline in exports came after a 4.5 percent growth in June. The contraction was due to a decrease in non-electronic NODX which outweighed the rise in electronic NODX, said IE Singapore.
Electronic NODX rose by 2.3 percent in July on a year-on-year basis, continuing the 7.6 percent increase in June. The growth in electronic domestic exports was largely due to PCs, telecommunications equipment and diodes and transistors.
While non-electronic NODX decreased by 2.1 percent in July year- on-year, compared to the 3.3 percent expansion in the previous month, said IE Singapore. The contraction in non-electronic NODX was led by structures of ships and boats, printed matter and primary chemicals.
Except Hong Kong, South Korea and Thailand, NODX to all of the top 10 NODX markets declined in July on a year-on-year basis. The top contributors to the contraction in July were Japan, Chinese mainland and China’s Taiwan.
