Xinhua, Singapore :
Singapore’s non-oil domestic exports (NODX), a key gauge of the export performance of the small and highly open economy, rose 21.5 percent in February on a year-on-year basis, said the International Enterprise (IE) Singapore on Friday.
The growth was due to the increase in both electronic and non-electronic NODX, said IE Singapore in a press release.
On a month-on-month seasonally adjusted basis, NODX expanded by 1.4 percent in February, compared to the 5.0 percent growth in the previous month, due to the rise in non-electronic NODX which outweighed the decline in electronic NODX. The trade promotion agency said that electronic NODX expanded by 17.2 percent in February year-on-year, following the 6.1 percent increase in the previous month. ICs, disk media products and parts of PCs contributed the most to the growth posting 25.8 percent, 26.9 percent and 19.7 percent increase respectively.
Non-electronic NODX gained 23.3 percent in February year-on-year, following the 9.8 percent increase in the previous month. Specialized machinery, non-monetary gold and petrochemicals increased by 111.8 percent, 104.3 percent and 45.3 percent respectively, contributing the most to the rise in non-electronic NODX.
Non-oil Re-exports (NORX) rose by 10.0 percent in February year-on-year, following the 1.5 percent expansion in the previous month, due to a growth in both electronic and non-electronic NORX.
Electronic NORX increased by 1.3 percent in February 2017, due to increase in capacitors, other computer peripherals and parts of PCs.
While non-electronic NORX expanded by 19.4 percent, after 0.6 percent growth in the previous month. The expansion in non-electronic NORX was due to non-monetary gold, personal beauty products as well as non-electric engines and motors.
