Singapore: Singapore’s non-oil domestic exports (NODX) grew at a faster pace of 12.4% year-on-year in May from a low level in 2021, following a 6.4% increase in April.
According to official data released by Enterprise Singapore (ESG) on Friday (June 17th), exports of both electronic and non-electronic equipment increased, with the top 10 markets centered around Malaysia, Taiwan and Indonesia in May. Exports to have increased.
NODX to the United States, 27 European Union countries, Hong Kong and South Korea has declined.
On a seasonally adjusted monthly basis, NODX increased by 3.2% in May, following a 3.3% decrease in the previous month. Both electronics and non-electronics have grown.
On a seasonally adjusted basis, NODX levels reached S $ 17.1 billion in May, surpassing S $ 16.6 billion last 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 12.9% in May, following a 12.8% growth in the previous month.
Integrated circuits, parts of integrated circuits, and disk media products increased by 26.6 percent, 116.3 percent, and 10.3 percent, respectively, making the most contribution to the growth of electronic NODX.
Non-electronic NODX increased 12.2% year-on-year in May, following a 4.6% increase last month.
Non-monetary money, specialized machinery and measuring instruments contributed most to the growth of non-electronic NODX, increasing 344.4%, 26.4% and 38%, respectively.