Chart of the Day: Look what the US did to our NODX

It was the top contributor to the decline.

International Enterprise Singapore reported:

On a y-o-y basis, NODX to all of the top 10 NODX markets declined in December 2012.

The top three contributors to the NODX contraction in December 2012 were the US, Malaysia, and South Korea.

NODX to the US decreased by 27.7 per cent in December 2012, following the previous month’s 7.0 per cent decline, led by specialised machinery (-59.6 per cent), ICs (-32.6 per cent) and parts of PCs (-42.6 per cent).

NODX to Malaysia contracted by 19.9 per cent in December 2012 after the 16.7 per cent decrease in the preceding month, due to ICs (-41.4 per cent), parts of ICs (-71.8 per cent) and civil engineering equipment parts (-30.2 per cent).

NODX to South Korea declined by 26.8 per cent in December 2012, following the previous month’s 0.6 per cent contraction, led by specialised machinery (-73.6 per cent), parts of PCs (-53.5 per cent) and petrochemicals (-41.4 per cent).