ASEAN KEY DESTINATIONS
Singapore’s exports up 4.7% year-on-year in June 2015
SINGAPORE: Non-oil domestic exports (NODX) in Singapore rose 4.7 per cent on-year in June, due to an increase in both electronic and non-electronic exports, according to statistics released on Thursday (Jul 16) by International Enterprise (IE) Singapore.
The rise in exports comes after a 0.3 per cent contraction in the previous month.
Electronic exports rose 7.6 per cent per cent on-year, following the 2.5 per cent decline in the previous month. The increase was largely due to PCs (69.6 per cent), ICs (10.8 per cent) and telecommunications equipment (79.3 per cent), IE Singapore said.
Non-electronic exports expanded by 3.6 per cent, following the 0.6 per cent rise in the previous month. The increase was led by electrical machinery (75 per cent), printed matter (35.8 per cent), and non-electric engines and motors (281.8 per cent).
On a year-on-year basis, NODX to all of the top 10 markets – except Indonesia, Malaysia and Taiwan - rose last month. The top three contributors to the rise were the US, China and Thailand, according to the agency, which drives Singapore's external trade.
Non-oil re-exports (NORX) rose by 1.9 per cent on-year in Jun 2015, after the 2.8 per cent contraction in the previous month, due to an increase in both electronic and non-electronic re-exports.
Electronic re-exports rose by 0.3 per cent, following the 1.9 per cent decline in the previous month, IE Singapore said. The expansion was due to telecommunications equipment (11.5 per cent), diodes & transistors (13.4 per cent) and PCs (22.9 per cent).
Non-electronic NORX increased by 3.6 per cent, after the 3.8 per cent decline in the previous month. The expansion was due to nickel (384.7 per cent), watches & clocks (69.9 per cent) and electrical machinery (31.3 per cent).
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