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Singapore’s exports fall 10.6% in July

by ChemOrbis Editorial Team - content@chemorbis.com
  • 17/08/2016 (14:01)
According to data released by International Enterprise (IE) Singapore, in July, the country’s non-oil domestic exports (NODX) declined 10.6% on a yearly basis after witnessing a 2.4% drop in June. On a monthly basis, non-oil domestic exports decreased 1.8% in July after posting a 13% decrease in June. The declines were in both electronic and non-electronic NODX.

Singapore’s non-electronic exports fell 9.5% on a yearly basis in July after the 2.6% drop in June while electronic exports plunged 12.9% on a yearly basis in July after a 1.7% fall in the previous month.

After witnessing a 9.9% decrease in June, Singapore’s exports to China fell by 16.6% in July caused by petrochemicals, primary chemicals and machinery.

Non-oil re-exports (NORX) were down by 1.2% on a yearly basis in July after the 0.4% increase in June. Meanwhile, electronic NORX fell by 5.9% on a yearly basis in July while non-electronic NORX grew by 4.1%.
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