8 of Top 10 NODX markets shrank in March

Only Japan and China grew yoy.

According to International Enterprise (IE) Singapore, the top three contributors to the NODX contraction in March 2013 were the EU 27, Malaysia and the US.

NODX to the EU 27 declined by 16.2 per cent in March 2013, following the previous month’s decrease of 52.2 per cent, led by pharmaceuticals (-21.8 per cent), ICs (-37.0 per cent) and diodes & transistors (-50.2 per cent). NODX to Malaysia decreased by 21.3 per cent in March 2013, after the 25.6 per cent contraction in the preceding month, due to ICs (-46.2 per cent), parts of PCs (-33.2 per cent) and consumer electronics (-79.4 per cent). NODX to the US declined by 10.8 per cent in March 2013, following the 52.1 per cent contraction in the preceding month, due to parts of PCs (-54.5 per cent), ICs (-15.8 per cent) and measuring instruments (-25.1 per cent).

Meanwhile, NODX to emerging markets increased by 16.0 per cent in March 2013, in contrast to the 6.9 per cent contraction in the previous month. The increase in NODX to the emerging markets was due mainly to Latin America, CLMV and Middle East.