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Singapore’s exports unexpectedly surge 11.6% in May

by ChemOrbis Editorial Team -
  • 17/06/2016 (12:17)
According to data released by International Enterprise (IE) Singapore, the country’s non-oil domestic exports (NODX) climbed 11.6% in May from 7.9% in April stemming from lower demand from the US and China. IE’s latest numbers indicate that Singapore’s exports unexpectedly surged in May due to the increase in non-electronic exports.

Singapore’s exports to China, the country’s largest export market, decreased 10.1% in May after a 7.4% decline in April, falling for the 11th consecutive month, while its exports to the US increased 9.1% following a 7% decline in April.

In total, Singapore’s non-electronic exports rose 19% in May despite the 8.1% fall in April while electronic exports decreased 6% after a 7.9% fall in the previous month. Non-oil re-exports (NORX) were down 2.8% on the back of a 7.9% fall in electronic re-exports while non-electronic re-exports surged 2.7% in May.
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