Singapore’s non-oil domestic exports fall 1.2% y-o-y in May

• Jun 16, 2017

SINGAPORE’S non-oil domestic exports (NODX) decreased slightly by 1.2 per cent in May 2017 on a year-on-year basis, according to figures released by International Enterprise Singapore on Friday.

But the trade agency said this reflects the decrease in non-electronic NODX off the high base a year ago, while electronic NODX grew for the seventh month straight.

NODX to the top 10 markets, except Hong Kong, expanded in May.

Meanwhile, non-oil re-exports (NORX) rose by 14.3 per cent in May, due to the growth in both electronic and non-electronic re-exports.

Total trade rose over the year in May, supported by both import and export growth.

Source: http://www.businesstimes.com.sg/government-economy/singapores-non-oil-domestic-exports-fall-12-y-o-y-in-may