Singapore’s exports contractSingapore's non-oil domestic exports (NODX) contracted 4.5 percent in Sept 2011 compared to a year earlier, due to a 14 percent decline in electronic NODX outweighing the expansion in non-electronic NODX, IE Singapore said on Monday.
The 14 percent dip in electronic NODX follows a 19 per cent decline in the previous month. The decrease was largely due to disk drives, which dipped 54 percent, ICs, and parts of ICs.
Year-on-year, non-electronic NODX expanded a marginal 0.9 per cent in Sept 2011. The rise in non-electronic NODX was led by pharmaceuticals, up 12 per cent, civil engineering equipment parts, up 54 percent and printed matter, which rose 37 percent.
On a year-on-year basis, total trade rose by 7.0 percent in Sept 2011, following the 9.9 percent growth in the previous month. Total exports expanded by 7.1 percent in Sept 2011, following the 4.1 percent increase in the previous month. Total imports grew by 6.8 percent in Sept 2011, after the 17 percent increase in the preceding month.
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