SINGAPORE, May 17 (NNN-CNA) – Singapore’s non-oil domestic exports (NODX), grew by 6.4 percent year on year in Apr, following a 7.7 percent growth in March, Enterprise Singapore, a government agency, announced today.
It is the 17th consecutive month for Singapore’s NODX to see year-on-year growth, and the fifth consecutive month for the growth to slow down.
In a breakdown, the electronic NODX increased by 12.8 percent year on year in Apr, following the 11.5 percent increase in Mar. The non-electronic NODX grew by 4.6 percent year on year in Apr, compared to the 6.8 percent increase in the previous month.
On a month-on-month seasonally adjusted basis, Singapore’s NODX decreased by 3.3 percent in Apr, to 16.6 billion Singapore dollars (about 11.93 billion dollars), after the previous month’s 2.3 percent decline.
Singapore’s non-oil re-exports (NORX) grew by 14.9 percent year on year this Apr, following the 11.4 percent growth in the previous month. Both electronic and non-electronic NORX grew.
Singapore’s oil domestic exports expanded by 67.6 percent year on year in Apr, extending the 39.2 percent growth in Mar.
Enterprise Singapore said that, Singapore’s total trade grew by 21.8 percent in Apr, following the 17.6 percent expansion in the preceding month. In a breakdown, total exports increased by 19.5 percent, and total imports grew by 24.4 percent.– NNN-CNA
