Singapore’s non-oil domestic exports (NODX) increased by 8.2 percent in June from a year earlier thanks to a surge in electronic and non-electronic exports.
Singapore (VNA) – Singapore’s non-oildomestic exports (NODX) increased by 8.2 percent in June from a year earlierthanks to a surge in electronic and non-electronic exports, according to arecent report of the International Enterprise (IE) Singapore.
June’s non-electronic exports grew by 9.3percent year on year while May saw a decline of 8.6 percent, thanks to largershipments for "non-monetary gold, specialised machinery and petrochemicals",according to the report.
Electronics shipments have grown for eightstraight months, but they expanded by only 5.4 percent in June from a yearearlier. This was sharply weaker than the 28.9 percent surge recorded in May.
Shipments to China, Singapore's top overseasmarket, surged by 48.9 percent year on year. A similar rising trend was seen inthe country’s leading export markets, including the Republic of Korea, Japan,Malaysia, Hong Kong (China), which helps to mitigate the decline in exports tothe United States, Taiwan (China), the European Union, Thailand and Indonesia.
Singapore’s total trade rose by 7.5 percent,compared with June last year, on higher import and export growth.-VNA
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Singapore port. (Source: AFP/VNA) 
