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Singapore's exports up 6% in December

Published on Jan 17, 2014 9:41 AM
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A worker inspects a printed circuit board on the assembly line at the Venture Corp factory in Singapore. Singapore's non-oil domestic exports were up 6 per cent in December from a year ago, due to an increase in shipments of non-electronic products. The increase outweighed the decline in electronic products shipments. -- FILE PHOTO: BLOOMBERG

Singapore's non-oil domestic exports (Nodx) were up 6 per cent in December from a year ago, due to an increase in shipments of non-electronic products. The increase outweighed the decline in electronic products shipments.

The rise contrasts with an 8.9 per cent decline in the previous month, according to statistics released on Friday by trade agency IE Singapore.

Electronic Nodx contracted by 3.1 per cent following the 8.9 per cent decline in the preceding month. The decrease was largely due to a fall in shipments of parts of PCs, disk drives and telecommunications equipment.

Meanwhile, non-electronic Nodx grew by 10.6 per cent in December, reversing the 8.9 per cent decrease in the previous month. The expansion was led by petrochemicals, printed matter and structures of ships and boats.

 
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