These 3 markets contributed most to September NODX dip

Blame EU 27, South Korea and Japan.

According to International Enterprise Singapore, on a y-o-y basis, the top three contributors to the NODX contraction in September 2013 were the EU 27, South Korea and Japan.

In fact, NODX to all of the top 10 NODX markets, except China, the US, Hong Kong and Thailand, decreased in September 2013.

NODX to the EU 27 declined by 23.3 per cent in September 2013, following the previous month’s decrease of 24.7 per cent, led by pharmaceuticals (-45.5 per cent), ICs (-36.0 per cent) and plastic articles (-72.4 per cent).

NODX to South Korea contracted by 28.4 per cent in September 2013, after the 39.3 per cent decline in the preceding month, due to parts of motor vehicles & tractors (-100.0 per cent), other specialty chemicals (-61.5 per cent) and parts of PCs (-84.3 per cent).

NODX to Japan decreased by 16.0 per cent in September 2013, following the 7.2 per cent contraction in the previous month, due to disk media products (-79.9 per cent), parts of ICs (-88.3 per cent) and pharmaceuticals (-18.9 per cent).

Meanwhile, NODX to the emerging markets declined by 12.5 per cent in September 2013, in contrast to the 11.1 per cent contraction in the previous month. The decrease in NODX to the emerging markets was due mainly to Latin America, Middle East and South Africa.