Singapore NODX up 8.2% in June

It rose from a two-month flat growth.

Non-oil domestic exports in Singapore rose by 8.2% in June, following the flat performance in the preceding two months and expansion in 1Q17, due to the increase in both electronic and non-electronic NODX.

According to IE Singapore, electronic NODX increased by 5.4% YoY in June, following the 28.9% expansion in the previous month. ICs, disk media products and capacitors grew by 20.7%, 2.9% and 10.5%, respectively, and they contributed the most to the growth in electronic domestic exports.

Meanwhile, non-electronic NODX grew by 9.3% YoY in June 2017, in contrast to the 8.6% decline in the previous month. Non-monetary gold, specialised machinery and petrochemicals increased by 148.0%, 76.1% and 13.7% respectively, contributing the most to the growth in non-electronic NODX.

Overall, total trade increased by 7.5% in June, marking the eighth consecutive growth month for both exports and imports. Total exports grew by 7.9%, following the 12.4% expansion in May whilst total imports increased by 6.9% in after the 18.4% growth in the preceding month.