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Singapore’s exports increase in October

Trade agency International Enterprise (IE) Singapore announced on November 18 that Singapore 's non-oil domestic exports (NODX) expanded 2.8 percent in October compared to a year ago.
Trade agency International Enterprise (IE) Singapore announced onNovember 18 that Singapore 's non-oil domestic exports (NODX)expanded 2.8 percent in October compared to a year ago.

On a month-on-month seasonally adjusted basis, NODX rose by 3.2 percent to reach 14.6 billion SGD in October 2013.

The rise was due to an increase in non-electronic NODX whichoutweighed the decline in electronic NODX. Non-electronic NODX expandedby 4.9 percent thanks to growth in exports of prefabricated buildings,printed matter and petrochemicals.

Electronic NODXcontracted by 1.4 percent last month, largely due to a slump in diskmedia products, telecommunications equipment and parts of PCs.

On a year-on-year basis, NODX to all of the top 10 NODX markets,except the United States , European Union , Japan , the Republic ofKorea and Indonesia , expanded last month. The top threecontributors to the NODX growth were China , Taiwan and Malaysia .

The government trade promotion agency alsosaid that non-oil re-exports (NORX) rose by 26.7 percent last monththanks to both electronic and non-electronic NORX, increasing 32.6percent and 20.7 percent, respectively.-VNA

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