Singapore’s non–oil domestic exports (NODX) rebounded at 11.5 percent in November from a 12 percent reduction in the previous month, according to data of the International Enterprise (IE) Singapore.
Singapore (VNA) ᩚᩚᩚᩚᩚᩚᩚᩚᩚ𒀱ᩚᩚᩚ– Singapore’s non–oil domesticexports (NODX) rebounded at 11.5 percent in November from a 12 percent reductionin the previous month, according to data of the International Enterprise (IE)Singapore.
Electronic shipments grew 3.5 percent after dropping 6percent in October, largely due to increases in the export of integratedcircuits (IC), computer parts and disks. Meanwhile, non-electronic goods also witnessed a recoverywith a rise of 15.3 percent, contrasting to a decline of 14.6 percent in theprevious month. The increase in this area was led by pharmaceuticals, specialized machinery andpetrochemicals. IESingapore said the country’s shipments to ten top markets, except Japan,Thailand and Indonesia, rose in November, with increases of 48.3 percent inexports to the EU, 38.1 percent in Hong Kong – China and 15.8 percent inmainland China. Singapore’s NODX is forecasted to fall at 4.1 percent in2016, but expected to grow at 0.7 percent in 2017.-VNA
Singapore’s total exports in June declined for the fifth month by 2.9 percent year-on-year or 1.6 percent month-on-month, according to the International Enterprise (IE) Singapore.
Singapore’s economic growth in 2016 will be modest, fluctuating between 1 and 3 percent, according to the country’s Ministry of Trade and Industry (MTI).
Singapore’s non-oil domestic exports (NODX) slid 7.2 percent in December last year, from a year earlier, as shipment of non-electronics products dropped 10.3 percent.
Non-oil domestic exports dropped 15.6 percent year-on-year in March, the strongest fall since February 2013, International Enterprise (IE) Singapore said.
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Illustrative photo (Photo: The Business Times) 
