Singapore's year-on-year non-oil domestic exports (NODX) expanded by 5.5 percent in July this year after a 1.2 percent rise in June as growth of non-electronic NODX offset the continued decline in electronic NODX in the month, according to the figures released by the government on Friday.
Domestic exports of electronic goods continued to decline for the sixth consecutive month by 11 percent in July, Singapore's trade promotion agency, the International Enterprise Singapore (IE Singapore), said in a statement.
The continued growth of non-electronic NODX, which grew by 20 percent in July, was driven by higher domestic exports of pharmaceuticals, printing bookbinding machinery, disk media products and medical apparatus, the trade body said.
The NODX to the top 10 markets, except the United States, China 's Hong Kong, China's Taiwan, increased in July. In particular, the Europe Union (EU), the Republic of Korea (ROK) and Japan were the top contributors to NODX growth in July.
The NODX to the United States fell by 5.8 percent in July while the NODX to the EU rose by 23 percent in the same month.
The NODX to China increased by 3.8 percent in July, recovering from the decline of 3.1 percent in the month.
Total trade grew by 6.2 percent in July to 73.2 billion Singapore dollars (about 47.8 billion U.S. dollars.)
Source: Xinhua
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