Singapore’s non-oil domestic exports (NODX) rose by 3.1 percent year on year in September, following the 11.4 percent growth in August, Enterprise Singapore, a government agency, announced on Monday.
It is the 22nd consecutive month for Singapore’s NODX to see year-on-year growth.
In a breakdown, the electronic NODX decreased by 10.6 percent year on year in September, following the 4.5 percent decrease in August. The non-electronic NODX grew by 7.6 percent year on year in September, compared to the 16.9 percent growth in the previous month.
On a month-on-month seasonally adjusted basis, Singapore’s NODX decreased by 4 percent in September to 16.5 billion Singapore dollars (about 11.57 billion U.S. dollars), after the previous month’s 3.9 percent decline.
Singapore’s non-oil re-exports (NORX) grew by 20.2 percent year on year this September, following the revised 14.9 percent growth in the previous month. Both electronic and non-electronic NORX grew.
Singapore’s oil domestic exports expanded by 56.3 percent year on year in September, after the 72.2 percent growth in August. ■