Singapore's exports grow at faster pace of 8.8% in May

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SINGAPORE: Singapore’s non-oil domestic exports (NODX) rose at a faster pace of 8.8 per cent in May, compared to the 6 per cent growth recorded in ...

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SINGAPORE: Singapore’s non-oil domestic exports rose at a faster pace of 8.8 per cent in May, compared to the 6 per cent growth recorded in the previous month.

This was followed by petrochemicals, which expanded 56 per cent after declining amid a global downcycle, and primary chemicals, which grew 97 per cent from a low base a year ago. On a seasonally adjusted basis, the level of NODX remained at S$15.4 billion, similar to the previous month.NODX to the top markets as a whole rose in May, though exports to the US, Japan and the EU declined.Exports to China grew 36.9 per cent due to specialised machinery, petrochemicals and disk media products.

Exports to emerging markets also grew by 41.4 per cent, mainly due to South Asia, Cambodia, Laos, Myanmar and Vietnam, as well as the Middle East.OTHER TRADE INDICATORS

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