Singapore’s NODX falls 6.6% in March

SINGAPORE — Non-oil domestic exports (NODX) in Singapore declined 6.6 per cent on-year last month.

In a statement today (April 17), International Enterprise Singapore said the decline was due to a contraction in electronic and non-electronic NODX.

The fall in NODX comes after an 8.9-per cent on-year rebound in February.

On a month-on-month seasonally-adjusted basis, NODX contracted 8.9 per cent in March due to decrease in electronic and non-electronic NODX.

Electronic NODX fell 16.1 per cent on-year in March. The decline was mainly due to fall in exports of parts of PCs and disk drives.

Non-electronic NODX contracted 2.4 per cent on-year in March. The decline was largely attributed to lower exports in pharmaceuticals, aromatic chemicals and specialised machinery.

However, total trade rose 11.4 per cent on-year in March, following a 9-per cent increase in February.

Total exports grew 7.9 per cent, while total imports rose 15.3 per cent on-year.

Oil domestic exports expanded 6.9 per cent on-year last month, mainly due to higher sales to China, Indonesia and Vietnam.

Non-oil re-exports (NORX) rose 18.7 per cent on-year in March, following a 15.5-per cent expansion in February. This was due to an increase in electronic and non-electronic NORX.

Electronic NORX went up by 19 per cent due to diodes and transistors, integrated circuits and parts of integrated circuits.

Non-electronic NORX grew 18.4 per cent. This was mainly due to jewellery, non-electric engines and motors, precious stones and pearls. CHANNEL NEWSASIA

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