Singapore NODX stampedes to Asia

Hong Kong, Taiwan and South Korea contributed most to July's NODX growth.

The three Asian nations were the top three contributors to the NODX expansion in July 2012, with NODX to Hong Kong growing at 53 per cent, Taiwan at 31 per cent, and South Korea at 25 per cent.

NODX to Hong Kong grew by 53 per cent in July 2012, following the previous month’s 41 per cent expansion, led by ICs (+51 per cent), parts of ICs (+87 per cent) and telecommunications equipment (+261 per cent).

NODX to Taiwan increased by 31 per cent, after the previous month’s 13 per cent rise, led by specialised machinery (+93 per cent), ICs (+14 per cent) and parts of ICs (+120 per cent).

NODX to South Korea expanded by 25 per cent, following the preceding month’s 5.1 per cent increase, led by specialised machinery (+145 per cent), other specialty chemicals (+107 per cent) and measuring instruments (+74 per cent).

In contrast, though, NODX to Japan and Malaysia, as well as US and EU 27, all declined in July 2012. The rest of the top 10 NODX markets increased.

Meanwhile, NODX to emerging markets rose by 4.0 per cent in July 2012, compared to the 5.7 per cent decline in the previous month. The increase in NODX to the emerging markets was due mainly to Caribbean, CLMV and South Asia.