Loading...
The Financial Express

Singapore's non-oil domestic exports grow 8.8pc in May

| Updated: June 22, 2021 13:08:55


Singapore's non-oil domestic exports grow 8.8pc in May

Singapore's non-oil domestic exports (NODX) grew by 8.8 per cent year on year in May, compared to the 6.0 per cent rise in April, according to Enterprise Singapore, a government agency, on Thursday.

The growth was mainly due to exports of non-electronics, especially specialised machinery, petrochemicals and primary chemicals, which grew by 58 per cent, 55.7 per cent and 96.8 per cent year on year respectively.

In all, Singapore's non-electronics NODX grew by 8.1 per cent year on year in May, following the 4.7 per cent growth in April.

Meanwhile, the electronics NODX grew by 11 per cent year on year, compared to the 10.9 per cent growth in the previous month, reports Xinhua.

On a month-on-month seasonally adjusted basis, Singapore's NODX decreased by 0.1 per cent in May to 15.4 billion Singapore dollars (about 11.53 billion U.S. dollars), after the 8.8 per cent decrease in the previous month.

Singapore's NODX to the Chinese mainland increased 36.9 per cent year on year in May, following the 55.5 per cent increase in April.

Share if you like