NODX shifts weight to Hong Kong, EU and Indonesia

These emerged as the top three contributors to NODX expansion in June while China, Thailand and Latin America weakened anew.

On a y-o-y basis, NODX to all of the top 10 NODX markets, except for China, Thailand and the US, increased in June 2012, according to new data from International Enterprise Singapore.

NODX expansion in June 2012 were led by Hong Kong (+41 per cent), the EU 27 (+17 per cent) and Indonesia (+20 per cent).

NODX to Hong Kong grew by 41 per cent in June 2012, following the previous month’s 23 per cent expansion, led by ICs (+26 per cent), specialised machinery (+154 per cent) and PCs (+345 per cent). NODX to the EU 27 increased by 17 per cent, after the previous month’s 1.5 per cent rise, led by pharmaceuticals (+45 per cent), measuring instruments (+80 per cent) and PCs (+133 per cent). NODX to Indonesia expanded by 20 per cent, following the preceding month’s 16 per cent increase, led by structures of ships & boats, motorcycles (+640 per cent) and specialised machinery (+72 per cent).

NODX to emerging markets decreased by 5.6 per cent in June 2012, compared to the 16 per cent expansion in the previous month. The decline in NODX to the emerging markets was due mainly to Latin America.