Singapore non-oil exports up 10% in Q1

A huge improvement from the previous quarter's 0.1% uptick.

Singapore's non-oil exports, which include non-oil domestic exports (NODX) and non-oil re-exports (NORX), grew YoY by 10% in Q1, a boost from the slight growth at 0.1% in the preceding quarter.

Figures from IE Singapore said NODX expanded 15.2% in Q1, extending the 2.7% increase in the previous quarter. Meanwhile, non-oil re-exports reflects 6.6% expansion, bouncing from a 1.4% decline in the previous quarter.

Here's more from IE Singapore:

On a y-o-y basis, domestic exports of electronic products (comprising 28.0% of NODX) increased by 9.0% in 1Q 2017, following the 1.0% growth in 4Q 2016. ICs, parts of PCs and disk media products expanded by 21.5%, 21.6% and 10.3% respectively, and they contributed the most to the increase in electronic NODX.

Non-electronic products. Domestic exports of non-electronic products (comprising 72.0 % of NODX) rose by 17.8% over the year in 1Q 2017, following the 3.5% growth in 4Q 2016.
The largest contributors to the rise in non-electronic NODX were specialised machinery (+92.6%), petrochemicals (+41.9%) and non-monetary gold (+28.9%).

Electronic NORX increased by 4.8% in 1Q 2017, compared to the decline of 3.6% in the previous quarter. The rise in electronic NORX was due to increased re-exports of ICs (+5.4%), capacitors (+107.5%) and disk media products (+31.3%).

Non-electronic NORX rose by 8.5% in 1Q 2017, after the previous quarter’s 0.7% increase. The growth in non-electronic NORX was due to higher re-exports of non-monetary gold (+45.3%), personal beauty products (+34.8%) and non-electric engines & motors (+20.4%).