Export balance up by 3.8% in September

Total trade fell to $76.4b this month.

Singapore's total trade grew by 6.2% in September, following the 15.4% expansion in August, International Enterprise Singapore (IE Singapore) said.

Total exports grew by 3.8% in September, following the 15.1% growth in August. Total imports grew by 9.1% after the 15.8% expansion last month.

On a seasonally adjusted basis, the level of total trade fell from $82.2b in August to $76.4b this month.

Electronic non-oil domestic exports (NODX) fell 7.9%, after the 20.8% expansion in the previous month. Personal computers (PC), integrated circuits (IC) and diodes & transistors decreased by 17.6%, 4.1% and 18.1% respectively, and they contributed the most to the decrease in electronic domestic exports.

Non-electronic NODX rose by 1.9%, following the 15.0% expansion in the previous month.

Exports of non-monetary gold, petrochemicals and specialised all grew by 70.2%, 11.6% and 15.5% respectively, contributing the most to the growth in non-electronic NODX.