IBTimes UK

The Non-oil domestic exports (NODX) in Singapore dropped 10.6 per cent in July, after a 2.4 per cent drop in June.

According to latest figures released by International Enterprise (IE) Singapore on Wednesday, NODX were affected by a decline in both electronic and non-electronic exports

The orders from Singapore's leading markets including China, Indonesia and the US dropped largely and thus declining the exports. Exports to China, the largest export market of Singapore, remained consistently weak. There was a decline of 16.6 per cent in China exports last month, more than its previous months.

In June, the exports to China had a decline of 9.9 per cent while in May it had a 10.1 per cent fall.

The exports of electronic goods fell by 12.9 per cent in June, following the 1.7 per cent decline in the previous month. The contraction was due to PCs (-36.0 per cent), parts of ICs (-46.3 per cent) and diodes & transistors (-19.5 per cent).

Non-electronic exports also contracted by 9.5 per cent due to decrease in PCs (-36.0 per cent), parts of ICs (-46.3 per cent) and diodes & transistors (-19.5 per cent).

Singapore electronic re-exports shrank by 5.9 per cent while non-oil re-exports (NORX) declined 1.2 per cent.

IBTimes UK