Singapore NODX expands 9.4% in December

It followed the strong 11.5% growth in the previous month.

Singapore's non-oil domestic exports continued the strong uptrend with a 9.4% growth in December, following 11.5% growth in the previous month, latest data by International Enterprise said.

On a MoM basis, NODX increased by 1% in the said month following the 13% growth recorded in the past period due to the ise in electronic NODX which outweighed the decrease in non-electronic NODX. The level of NODS reached $14b in the said month.

Meanwhile, total trade rose 9.9% in December, after the 8.7% increase in the previous month. Total exports grew by 9.5% while total imports expanded 10.2%.

Electronic products rose 5.7%, mainly driven by the expansion ICs, parts of PCs and consumer electronics at 29.9%, 4.9% and 8.8%, respectively. Non-electronic NODX also increased, registering a 11.3% growth. Specialised machinery, petrochemicals and primary chemicals grew by 63.6%, 28.5% and 58.2% respectively, contributing the most to the rise in non-electronic NODX.