Singapore total trade increases in first quarter

Singapore’s total trade expanded on a year-on-year basis in the first quarter of 2017, as both non-oil domestic exports (NODX) and non-oil re-exports (NORX) grew, said the country’s trade promotion agency International Enterprise (IE) Singapore yesterday, reports Xinhua.
On a year-on-year basis, Singapore’s total merchandise trade in the first quarter expanded by 16.3 per cent, following a 4 per cent expansion in the previous quarter. 
The rise can be attributed to the increase in both oil and non-oil trade, which expanded by 77.1 per cent and 6.8 per cent, respectively.
Non-oil domestic exports (NODX), a key gauge of the export performance of the economy, rose 15.2 per cent year-on-year in the first quarter of 2017, due to increased shipments of both electronic and non-electronic NODX, said International Enterprise (IE) Singapore.
Exports of electronic products expanded by 9 per cent in the first quarter, following the 1 per cent growth in the previous quarter. 

Singapore total trade increases in first quarter

Singapores total trade expanded on a year-on-year basis in the first quarter of 2017, as both non-oil domestic exports (NODX) and non-oil re-exports (NORX) grew, said the countrys trade promotion agency International Enterprise (IE) Singapore yesterday, reports Xinhua. On a year-on-year basis, Singapores total merchandise trade in the first quarter expanded by 16.3 per cent, following a 4 per cent expansion in the previous quarter. The rise can be attributed to the increase in both oil and non-oil trade, which expanded by 77.1 per cent and 6.8 per cent, respectively. Non-oil domestic exports (NODX), a key gauge of the export performance of the economy, rose 15.2 per cent year-on-year in the first quarter of 2017, due to increased shipments of both electronic and non-electronic NODX, said International Enterprise (IE) Singapore. Exports of electronic products expanded by 9 per cent in the first quarter, following the 1 per cent growth in the previous quarter.