Xinhua, Singapore :
Singapore’s non-oil domestic exports (NODX), a key gauge of the export performance of the small and highly open economy, declined 12 percent in October year-on-year, said International Enterprise (IE) Singapore on Thursday.
Following the 5 percent decrease in the previous month, the contraction in October was due to the decrease in both electronic and non-electronic NODX, according to IE Singapore.
On a month-on-month seasonally adjusted basis, NODX decreased by 3.7 percent in October, in contrast to the 2.2 percent increase in the previous month, said IE Singapore. The decrease was due to decline in both electronic and non-electronic NODX.
The trade promotion agency said that electronic NODX contracted by 6 percent in October year-on-year, following the 6.6 percent decline in the previous month. The decrease in electronic domestic exports was largely due to ICs, disk drives and telecommunications equipment.
While non-electronic NODX contracted by 14.6 percent in October year-on-year, after the 4.2 percent decline in the previous month. The decrease in non-electronic NODX was led by pharmaceuticals, petrochemicals and civil engineering equipment parts.
Singapore’s non-oil domestic exports (NODX), a key gauge of the export performance of the small and highly open economy, declined 12 percent in October year-on-year, said International Enterprise (IE) Singapore on Thursday.
Following the 5 percent decrease in the previous month, the contraction in October was due to the decrease in both electronic and non-electronic NODX, according to IE Singapore.
On a month-on-month seasonally adjusted basis, NODX decreased by 3.7 percent in October, in contrast to the 2.2 percent increase in the previous month, said IE Singapore. The decrease was due to decline in both electronic and non-electronic NODX.
The trade promotion agency said that electronic NODX contracted by 6 percent in October year-on-year, following the 6.6 percent decline in the previous month. The decrease in electronic domestic exports was largely due to ICs, disk drives and telecommunications equipment.
While non-electronic NODX contracted by 14.6 percent in October year-on-year, after the 4.2 percent decline in the previous month. The decrease in non-electronic NODX was led by pharmaceuticals, petrochemicals and civil engineering equipment parts.
