Chart of the Day: Check out how pharmaceuticals went from hero to goat of Singapore’s NODX

Pharma exports fell by 12.5% in November.

It’s almost meteoric how Singapore’s pharmaceuticals exports came from rising almost 50% last month to dropping this month and dragged the city-state’s non-oil domestic exports (NODX) down by 3.3%.

According to analysts from Maybank Kim Eng, other major declines which dragged the NODX were structural parts and food preparations, which declined by 91.3% and 24.6% respectively.

Meanwhile, electronics shipments also reversed its condition from last month, rising by 0.7% after falling by 3.2% last year due to the nascent Telecom Equipment shipments, which rose by 41.4%.

The electronics growth was also supplemented by computer peripherals and diodes and transistors which rose by 80% and 6.5% respectively.

“Also playing its part was the reversal of shipments of ‘Parts of ICs’ (Nov 2015: +12.8% YoY; Oct 2015: -32.2% YoY) which saw its performance return to the black for the first time in 14 months,” Maybank Kim Eng said.