Singapore exports grew 2.8% in October

Singapore's non-oil domestic exports expanded 2.8 per cent in October after dipping 1.2 per cent the previous month, boosted by an increase in non-electronic shipments which outweighed a slide in electronic exports. -- ST FILE PHOTO: LIM YAOHUI
Singapore's non-oil domestic exports expanded 2.8 per cent in October after dipping 1.2 per cent the previous month, boosted by an increase in non-electronic shipments which outweighed a slide in electronic exports. -- ST FILE PHOTO: LIM YAOHUI

Singapore's non-oil domestic exports (Nodx) expanded 2.8 per cent in October after dipping 1.2 per cent the previous month, boosted by an increase in non-electronic shipments which outweighed a slide in electronic exports.

Trade agency International Enterprise (IE) Singapore said on Monday that electronic exports fell 1.4 per cent in October compared with the previous year, after declining 5.5 per cent the previous month. The decrease was largely due to a slump in disk media products, telecommunications equipment and PCs parts.

But non-electronic Nodx rose 4.9 per cent last month following an 0.8 per cent increase in September, led by pre-fabricated buildings, printed matter and petrochemicals.

On a year-on-year basis, Nodx to all of the top-10 markets grew in October, except the United States, the European Union, Japan, South Korea and Indonesia. The top three contributors to the NODX growth were China, Taiwan and Malaysia.