Singapore’s non-oil domestic exports rise 17pc on year in Aug

International Enterprise Singapore, a government agency that promotes international trade and partners Singapore companies to go global, announced yesterday that the country’s non-oil domestic exports (NODX) expanded 17 per cent year on year in August, reports Xinhua.

The growth was much higher than the revised growth rates of 8.8 per cent in June and 7.6 per cent in July. The authority attributes the month growth to the fact that both electronic and non-electronic NODX increased.

According to the agency, Singapore’s NODX of electronic products rose 21.7 per cent year on year in August for the tenth consecutive month, which was faster than the revised 15.3 per cent growth in July. NODX of non-electronic products grew 15 per cent year on year, also higher than the revised 4.4 per cent growth in the previous month.

Among the top NODX markets of Singapore, Chinese mainland, Hong Kong and the Republic of Korea were major contributors to Singapore’s NODX growth in August. The NODX to them grew 43.2 per cent, 41.9 per cent and 62 per cent year on year, respectively.

Meanwhile, the non-oil re-exports (NORX) rose by 11.9 per cent year on year in August, after the revised 16.7 per cent expansion in July, due to the higher shipment of both electronic and non-electronic re-exports.

Singapore’s oil domestic exports grew by 23.5 per cent year on year in August, following the revised 5.7 per cent expansion in the preceding month.  Higher sales to Chinese mainland, Australia and 28 European Union countries contributed the most to the year-on-year increase of oil domestic exports.

The three markets saw oil domestic exports from Singapore increase 68.5 per cent, 92.7 per cent and 37.5 per cent year on year in the month, respectively. In volume terms, oil domestic exports increased by 1.6 per cent in August, comparing to the revised 8.9 per cent decline in July.

Singapores non-oil domestic exports rise 17pc on year in Aug

International Enterprise Singapore, a government agency that promotes international trade and partners Singapore companies to go global, announced yesterday that the countrys non-oil domestic exports (NODX) expanded 17 per cent year on year in August, reports Xinhua. The growth was much higher than the revised growth rates of 8.8 per cent in June and 7.6 per cent in July. The authority attributes the month growth to the fact that both electronic and non-electronic NODX increased. According to the agency, Singapores NODX of electronic products rose 21.7 per cent year on year in August for the tenth consecutive month, which was faster than the revised 15.3 per cent growth in July. NODX of non-electronic products grew 15 per cent year on year, also higher than the revised 4.4 per cent growth in the previous month. Among the top NODX markets of Singapore, Chinese mainland, Hong Kong and the Republic of Korea were major contributors to Singapores NODX growth in August. The NODX to them grew 43.2 per cent, 41.9 per cent and 62 per cent year on year, respectively. Meanwhile, the non-oil re-exports (NORX) rose by 11.9 per cent year on year in August, after the revised 16.7 per cent expansion in July, due to the higher shipment of both electronic and non-electronic re-exports. Singapores oil domestic exports grew by 23.5 per cent year on year in August, following the revised 5.7 per cent expansion in the preceding month. Higher sales to Chinese mainland, Australia and 28 European Union countries contributed the most to the year-on-year increase of oil domestic exports. The three markets saw oil domestic exports from Singapore increase 68.5 per cent, 92.7 per cent and 37.5 per cent year on year in the month, respectively. In volume terms, oil domestic exports increased by 1.6 per cent in August, comparing to the revised 8.9 per cent decline in July.