Singapore NODX to US, Japan and China all shrivel

It's a good thing other export markets stepped up to the plate to offset the contraction in these major three.

Namely, it was Hong Kong, Indonesia and South Korea who contributed the most to NODX growth.

Breaking it down per sector, NODX to Hong Kong rose by 23 per cent in May 2012, following the previous month’s 28 per cent expansion, led by ICs (+18 per cent), telecommunications equipment (+140 per cent) and electrical machinery (+175 per cent).

NODX to Indonesia increased by 16 per cent, following the previous month’s 20 per cent rise, led by capacitors (+1,204 per cent), telecommunications equipment (+169 per cent) and specialised machinery (+100 per cent).

NODX to South Korea expanded by 15 per cent, following the preceding month’s 42 per cent increase, led by other specialty chemicals (+73 per cent), petrochemicals (+156 per cent) and primary chemicals (+67 per cent).

NODX to emerging markets increased by 16 per cent in May 2012, compared to the 5.3 per cent contraction in the previous month. The increase in NODX to the emerging markets was due mainly to CLMV and the Middle East.