SINGAPORE: Non-oil domestic exports (NODX) in Singapore contracted 4.6 per cent on-year in June, dragged down by electronic exports which outweighed a rise in non-electronic shipments.
The fall in NODX comes after a 6.6 per cent on-year decrease in the previous month, according to statistics released on Thursday (July 17) by International Enterprise (IE) Singapore.
On a month-on-month seasonally adjusted basis, NODX rose by 1.5 per cent to S$13.5 billion in June, compared with the previous month's 7.5 per cent decline.
Electronic exports fell 17.4 per cent compared with June last year, after declining 15.3 per cent in the previous month. The decrease was largely due to shrinking sales of integrated circuits (IC) (-17.3 per cent), (-32.2 per cent) and parts of PCs (-18.5 per cent), the trade agency said.
Non-electronic exports in June rose 1.3 per cent from the previous year, following a 2.4 per cent slump in May. The rise was led by pharmaceuticals (+24.3 per cent), petrochemicals (+29 per cent) and printed matter (+32.6 per cent).
On a year-on-year basis, NODX to all of the top 10 markets - except Malaysia, Indonesia, China and Taiwan - fell in June. The top three contributors to the decline were Hong Kong, South Korea and the European Union.
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