Singapore's non-oil domestic exports up 9% in December

17 January 2012 02:04  [Source: ICIS news]

SINGAPORE (ICIS)--Singapore’s non-oil domestic exports (NODX) rose by 9% year on year in December last year, on the back of a rise in non-electronic NODX which outweighed the decrease in electronic NODX, official data showed on Tuesday.

The expansion in December last year followed a 1.4% year-on-year increase in the previous month.

On a year-on-year basis, electronic NODX contracted by 4.6% in December last year, while non-electronic NODX grew by 17%, International Enterprise (IE) Singapore said in its monthly report.

“The increase in non-electronic NODX was led by structures of ships and boats, pharmaceuticals and printed matter,” it said.

On a year-on-year basis, NODX to all of the top 10 NODX markets, except Hong Kong, Indonesia, the US, Thailand and China, increased in December last year, according to IE Singapore.

Singapore’s NODX to the 27 countries of the EU rose by 12% year on year, while shipments to Japan and South Korea rose by 26% and 31% respectively, IE Singapore said.

The city-state’s NODX to emerging markets increased by 66% year on year in December last year, following the 22% expansion in the previous month, it said.

The rise in NODX to the emerging markets was mainly from Latin America, according to IE Singapore.

On a year-on-year basis, Singapore’s total exports grew by 7.5% in December last year, after the previous month’s 8.2% expansion, it said.

Total imports increased by 4.0% in December 2011, following a 17% rise in the preceding month, IE Singapore added.

Read John Richardson and Malini Hariharan’s blog – Asian Chemical Connections

By: Nurluqman Suratman

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