||Asean Affairs 18 June 2013
Singapore's NODX down 4.6% on-year in May
Singapore's non-oil domestic exports (NODX) declined 4.6 per cent on-year in May due to a drop in electronics exports.
This follows the 1.0 per cent decline in the previous month.
Exports of electronic products dropped by 13.2 per cent in May, after the 9.0 per cent decline in the previous month.
The drop in electronic NODX was led by PCs parts (-31.6 per cent), disk media products (-40.8 per cent) and ICs (-9.5 per cent)
Meanwhile, non-electronic NODX grew by a marginal 0.2 per cent in May, following a 3.3 per cent rise in April.
The growth was led by pharmaceuticals (+19.9 per cent), printed matter (+108.8 per cent) and food preparations (+52.9 per cent).
Exports to all of the top 10 NODX markets, except China, Thailand, Hong Kong and Taiwan, decreased in May 2013.
The top three contributors to May's NODX contraction were South Korea, Malaysia and Indonesia.
Year-on-year, Singapore's total trade declined by 1.4 per cent in May, compared to the 1.9 per cent increase in April.