Singapore exports grow 8.2% after two months of flat performance

Patrice Gainsbourg
Julho 17, 2017

SINGAPORE'S non-oil domestic exports (NODX) in June 2017 rose by 8.2 per cent to S$14.7 billion compared with a year ago due to the increase in electronic and non-electronic NODX.

According to IE Singapore, electronic NODX increased by 5.4% YoY in June, following the 28.9% expansion in the previous month.

Both electronic and non-electronic shipments rose, with the electronics sector clocking in its eighth straight month of expansion.

However, on a month-on-month seasonally adjusted basis, exports were down 2.7%, as the decline in electronic shipments outstripped the increase in non-electronic shipments, says International Enterprise (IE) Singapore. ICs, disk media products and capacitors grew by 20.7%, 2.9% and 10.5%, respectively, and they contributed the most to the growth in electronic domestic exports.

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Total trade rose over the year in June 2017, supported by both import and export growth.

Total exports grew by 7.9 per cent in June, following the 12.4 per cent expansion in May.

Shipments to China expanded by 48.9 per cent in June 2017, following the previous month's increase of 39.0 per cent, led by non-monetary gold, integrated circuits and petrochemicals.

Exports to China, South Korea, Japan, Malaysia and Hong Kong grew, outweighing the decline in exports to the US, Taiwan, EU, Thailand and Indonesia.

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