Singapore's non-oil domestic exports up 4.8% in Q1

On back of higher shipments.

Singapore's non-oil domestic exports grew 4.8% year-on-year in the first quarter, according to data released today by IE Singapore.

NODX grew on back of higher shipments of both electronic and non-electronic exports. The Q1 figure is a marked improvement from the preceding quarters 0.5% growth.

Domestic exports of electronic products expanded by 1.2% in Q1, reversing the 4.5% decline in the preceding quarter. Electronic exports made up 27.3% of NODX in Q1.

Non-electronic NODX grew by 6.3% on back of higher exports of pharmaceuticals, structures of ships & boats, and non-electric engines and motors.

While NODX to Indonesia, China, Japan and Taiwan declined on a year-on-year basis, NODX to all the rest of the top markets increased during the quarter.

The biggest contributors to the expansion in the quarter were the EU 28, the US and South Korea.