Singapore's non-oil exports dip 4.6 per cent in June
Published on Jul 17, 2014 8:43 AM
SINGAPORE - Singapore's non-oil domestic exports (Nodx) eased 4.6 per cent last month over the previous year, largely owing to a slide in electronic shipments which outweighed a rise in non-electric shipments.
Trade promotion agency International Enterprise Singapore said on Thursday that electronic exports shrank by 17.4 per cent last month after sliding 15.3 per cent the previous month. The decrease was largely due to falls in various shipments including personal computers (PC) and PC parts.
But non-electric shipments expanded by 1.3 per cent in June after declining 2.4 per cent in May, led by rises in pharmaceutical, petrochemical and printed matter exports.
Nodx to all of the top 10 markets except Malaysia, Indonesia, China and Taiwan, dropped last month, and the top-three contributors to the contraction were Hong Kong, South Korea and the European Union.