Singapore's exports grow at slower pace of 2.7% in August

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SINGAPORE: Singapore\u0027s non-oil domestic exports (NODX) rose at a slower pace of 2.7 per cent in August on the back of growth in electronic exports, while non-electronics declined, according to data released by Enterprise Singapore (ESG) on Friday (Sep 17). Although growing for the ninth straight month, the

SINGAPORE: Singapore's non-oil domestic exports rose at a slower pace of 2.7 per cent in August on the back of growth in electronic exports, while non-electronics declined, according to data released by Enterprise Singapore on Friday .

Shipments of non-electronic products fell 1.4 per cent in August from a year ago, due mainly to declines in non-monetary gold, food preparations and pharmaceuticals.Exports to the top markets as a whole rose in August, though exports to China and the European Union declined. The largest contributors to this increase were Taiwan, Hong Kong and Malaysia.

Exports to Malaysia rose 17.9 per cent in August due to integrated circuits, petrochemicals, as well as diodes and transistors.

 

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