Xinhua, Singapore :
Enterprise Singapore, a newly established government agency that champions enterprise development, announced on Thursday that the country’s non-oil domestic exports (NODX) grew 11.8 percent year on year in April.
In the previous two months, Singapore witnessed the NODX decline by 6 percent year on year and 3.2 percent year on year respectively, after a straight four months of growth.
The agency attributes April’s rebound to the growth in non-electronic exports which outweighed the decrease in electronics.
On a month-on-month seasonally adjusted basis, NODX hiked 6.5 percent in April to 153 billion Singapore dollars (about 11.42 billion U.S. dollars), following the recalculated 2.2 percent decline for the previous month, due to the increase in both non-electronic and electronic NODX.
According to the agency, Singapore’s electronic NODX dropped 6.9 percent year on year in April, following the revised 7.5 percent decrease in March. Non-electronic NODX increased 19.6 percent year on year, after the revised 1.7 percent decline in the previous month. Among the top NODX markets of Singapore, the Chinese mainland, the European Union 28 countries and the United States saw the NODX grow 26.8 percent, 45.4 percent and 37.8 percent year on year, respectively.
Enterprise Singapore, a newly established government agency that champions enterprise development, announced on Thursday that the country’s non-oil domestic exports (NODX) grew 11.8 percent year on year in April.
In the previous two months, Singapore witnessed the NODX decline by 6 percent year on year and 3.2 percent year on year respectively, after a straight four months of growth.
The agency attributes April’s rebound to the growth in non-electronic exports which outweighed the decrease in electronics.
On a month-on-month seasonally adjusted basis, NODX hiked 6.5 percent in April to 153 billion Singapore dollars (about 11.42 billion U.S. dollars), following the recalculated 2.2 percent decline for the previous month, due to the increase in both non-electronic and electronic NODX.
According to the agency, Singapore’s electronic NODX dropped 6.9 percent year on year in April, following the revised 7.5 percent decrease in March. Non-electronic NODX increased 19.6 percent year on year, after the revised 1.7 percent decline in the previous month. Among the top NODX markets of Singapore, the Chinese mainland, the European Union 28 countries and the United States saw the NODX grow 26.8 percent, 45.4 percent and 37.8 percent year on year, respectively.
