Xinhua, Singapore :
Singapore’s non-oil domestic exports (NODX), a key gauge of the export performance of the economy, rose by 2.1 percent on-year in the second quarter of this year, trade promotion agency International Enterprise Singapore said Tuesday.
The gain was significantly slower than the 4.8 percent growth in the previous quarter.
On a yearly basis, electronic exports grew slightly by 0.1 percent in the second quarter, after the 1.2 percent increase in the previous quarter. The increase was largely due to higher domestic exports of PCs, integrated circuits and telecommunications equipment, the agency said.
Non-electronic exports expanded by 2.9 percent, following the 6. 2 percent rise in the previous month, led by higher domestic exports of non-electric engines and motors, structures of ships and boats and specialized machinery.
For the second quarter, while NODX to Indonesia, China’s Taiwan and Malaysia declined year-on-year, NODX to all the rest of the top markets increased. The biggest contributors to the expansion were the U.S., South Korea and Thailand.NODX to the Chinese mainland rose by 0.5 percent in the second quarter on year, in contrast to the 5.6 percent contraction in the preceding quarter.
