SINGAPORE: According to official data issued on Friday, Singapore’s non-oil domestic exports (NODX) increased at a quicker rate of 15.9% in June, buoyed by an increase in non-electronic goods such as specialized machinery and petrochemicals (Jul 16). This is the third month in a row that the company has grown, and it is the highest increase since March of last year. In May, NODX increased by a revised 8.6%.
According to data supplied by Enterprise Singapore, the expansion was due to a low base a year ago, as well as growth from the non-electronics area, while electronics also witnessed an increase (ESG).
NODX climbed by 6% month over month, seasonally adjusted, in June, following a 0.2 percent dip the prior month.
READ: Singapore’s GDP grew 14.3% in the second quarter, owing to a low starting point a year ago: MTIShipments of non-electronic items increased 13.2 percent year over year in June, led by 51.2 percent growth in petrochemicals and 43.2 percent growth in specialized machinery.
Personal computers, integrated circuits and diodes, and transistors all saw increases of 130.2 percent, 14.9 percent, and 32.2 percent in June compared to the same month a year ago.
Except for the United States, Japan, and Malaysia, exports to the majority of Singapore’s primary markets increased./n
