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19 June, 2018 00:00 00 AM
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Singapore non-oil domestic exports grow by 15.5pc in May

XINHUA

Enterprise Singapore, a government agency that champions enterprise development, announced on Monday Singapore’s non-oil domestic exports (NODX) grew 15.5 per cent year on year in May, reports Xinhua.

Singapore saw the NODX decline by a revised 3.1 per cent year on year in March and rebound by 11.8 per cent in April.

The agency attributes the NODX growth in May to the growth in non-electronic exports which outweighed the decrease in electronics.

On a month-on-month seasonally adjusted basis, Singapore’s NODX increased 10.3 per cent in May to 16.9 billion Singapore dollars (about 12.49 billion US dollars), following the previous month’s 6.5 per cent growth, due to the increase in both non-electronic and electronic NODX.

According to the agency, Singapore’s electronic NODX declined 7.8 per cent year on year in May, following the 6.9 per cent decrease in April. Non-electronic NODX increased 26.2 per cent year on year, after the 19.6 per cent increase in the previous month.

Among the top NODX markets of Singapore, the European Union, the United States and Japan contributed the most to the city-state’s NODX growth in May.  

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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