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Singapore’s exports fall 4.8% in September

by ChemOrbis Editorial Team -
  • 17/10/2016 (15:00)
According to data released by International Enterprise (IE) Singapore, the country’s non-oil domestic exports (NODX) decreased 4.8% on a monthly basis in September, following an increase in August. The declines were in both electronic and non-electronic exports.

Singapore’s electronic exports was down 6.6% on the month in September after a 6% drop in August while non-electronic exports fell 4% on a monthly basis in September following an increase of 2.7% the previous month. This was caused by a drop in structures of ships and boats, civil engineering equipment parts and petrochemicals.

Singapore’s exports to Hong Kong, the European Union and South Korea grew between 9.9% and 23.8% while exports to seven of the country’s top ten markets, including Malaysia, Indonesia and the US decreased in September.

After posting an 8.5% increase in August, non-oil re-exports (NORX) were up by 1.2% on a monthly basis in September due to the rise in non-electronic re-exports, according to IE.
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