Singapore’s non-oil domestic exports up 2.2% in April
Containers are stacked at the Keppel Container Terminal. Bloomberg file photo
SINGAPORE — Non-oil domestic exports (NODX) last month rose 2.2 per cent on-year due to an expansion in non-electronic NODX which outweighed the decline in electronic exports, trade numbers from International Enterprise (IE) Singapore showed today (May 18).
April’s NODX beat economists expectations as they had expected a 4.2 per cent decline, according to a Reuters poll.
Electronic exports fell by 3.8 per cent last month, reversing from the 10.4 per cent increase in March. The contraction was due to a decline in exports of integrated circuit parts, personal computer parts and consumer electronics.
Non-electronic NODX expanded by 4.7 per cent, following the 21.6 per cent increase in March, with growth led by structures of ships and boats, non-electronic engines and motors as well as pharmaceuticals.
