Singapore’s exports up marginally in September

SINGAPORE – Non-oil domestic exports (NODX) in Singapore rose slightly by 0.9 per cent on-year in September, due to an increase in non-electronic exports which outweighed the decline in electronic exports.

The rise in NODX comes after a 6 per cent expansion in the previous month, according to statistics released today (Oct 17) by International Enterprise (IE) Singapore.

On a month-on-month seasonally adjusted basis, NODX decreased by 8.8 per cent in September, following the previous month’s 7.6 per cent expansion.

Electronic exports fell 4 per cent on-year, following the 6.9 per cent decline in the previous month. The decrease was largely due to parts of PCs (-25.1 per cent), ICs (-5.5 per cent) and disk drives (-11.7 per cent).

Non-electronic exports expanded by 3 per cent, following the 12.1 per cent rise in the previous month. The increase was led by petrochemicals (16.5 per cent), specialised machinery (32.9 per cent) and primary chemicals (24.1 per cent).

On a year-on-year basis, NODX to all of the top 10 markets – except Hong Kong, Japan, the EU 28 and Indonesia – rose last month. The top three contributors to the rise were China, Taiwan and Malaysia.

Non-oil re-exports (NORX) rose by 4.2 per cent on-year in September, in contrast to the 5.6 per cent decline in the previous month, due to an increase in non-electronic re-exports which outweighed the contraction in electronic exports.

Electronic re-exports fell by 0.7 per cent, following the 7.8 per cent decline in the previous month. The contraction was due to ICs (-2.3 per cent), parts of PCs (-17.5 per cent) and PCs (-10.1 per cent).

Non-electronic NORX increased by 10 per cent, compared with the 3.3 per cent decline in the previous month. The rise was due to structures of ships and boats (2,608.9 per cent), nickel (404.6 per cent) and motorcycles (90.9 per cent). CHANNEL NEWSASIA