Singapore’s Key Exports Decline For 12th Consecutive Month
SINGAPORE, Oct 17 (NNN-XINHUA) – The non-oil domestic exports (NODX) in Singapore, declined by 13.2 percent year-on-year in Sept, marking a contraction for the 12th straight month, government agency, Enterprise Singapore, announced today.
Last month (Sept), electronic exports contracted by 11.6 percent year-on-year, and non-electronic exports declined by 13.6 percent, according to the government agency.
NODX to Singapore’s top markets as a whole, declined in Sept, though exports to the Chinese mainland, China’s Hong Kong Special Administrative Region, and the United States rose, the data showed.
The oil domestic exports of the city-state also declined by 17.0 percent year-on-year, in Sept, following the 24.7 percent contraction in Aug, said the Enterprise Singapore.
On a year-on-year basis, Singapore’s total trade declined by 12.3 percent in Sept.