Singapore: Singapore’s non-oil domestic exports (NODX) grew at a slower pace of 9.0% year-on-year in June, following a revised 12.0% growth in May, expanding for the 19th consecutive month.
According to official data released by Enterprise Singapore (ESG) on Monday (July 18th), exports of both electronic and non-electronic equipment increased, with the top in June mainly due to the United States, Malaysia and Indonesia. Exports to 10 markets have increased. ).
NODX to 27 European Union countries, Hong Kong, South Korea and Thailand has declined.
On a seasonally adjusted monthly basis, NODX increased 3.7% in June, following a revised 2.8% growth last month. Both electronics and non-electronics have grown.
On a seasonally adjusted basis, NODX levels reached S $ 17.7 billion in June, surpassing S $ 17.1 billion in the previous month and levels a year ago.
NODX increased throughout the year, primarily due to shipments of non-electronic devices. Electronics has also grown.
Year-over-year, electronic NODX increased 4.1% in June, following a 12.9% growth in the previous month.
Integrated circuits, parts of integrated circuits, and disk drives increased by 26.0 percent, 86.1 percent, and 18.0 percent, respectively, making the most contribution to the growth of electronic NODX.
Non-electronic NODX increased 10.6% year-on-year in June, following a revised 11.7% increase last month.
Food, petrochemicals and measuring instruments contributed most to the growth of non-electronic NODX, increasing by 48.0%, 21.1% and 30.9%, respectively.