Total trade up 5.9% in December

Guess which products didn’t do so well.

International Enterprise Singapore reported (all on a year-on-year basis):

Total trade rose by 5.9 per cent in December 2011, following the 12 per cent increase in the previous month. Total exports grew by 7.5 per cent in December 2011, after the previous month’s 8.2 per cent expansion. Total imports increased by 4.0 per cent in December 2011, following the 17 per cent rise in the preceding month.

NODX expanded by 9.0 per cent in December 2011, following the 1.4 per cent growth in the previous month, due to a rise in non-electronic NODX which outweighed the decrease in electronic NODX.

Electronic NODX contracted by 4.6 per cent in December 2011, in contrast to the previous month’s marginal 0.1 per cent growth. The decrease in electronic domestic exports was largely due to lower exports of parts of PCs (-9.5 per cent), diodes & transistors (-23 per cent) and disk drives (-20 per cent).

Non-electronic NODX expanded by 17 per cent in December 2011, following the 2.2 per cent increase in the previous month. The increase in non-electronic NODX was led by structures of ships & boats (+4,473 per cent), pharmaceuticals (+39 per cent) and printed matter (+295 per cent).

Oil domestic exports expanded by 30 per cent in December 2011, after the preceding month’s 39 per cent increase. The y-o-y growth of oil domestic exports was mainly due to higher sales to Malaysia (+107 per cent), Australia (+54 per cent) and Panama (+42 per cent). In volume terms, oil domestic exports increased by 7.3 per cent in December 2011, after the 6.7 per cent expansion in the previous month.