SINGAPORE, Feb. 18 (Xinhua) -- Singapore's mainstay export, the non-oil domestic export (NODX), grew by 2.8 percent year-on-year in January, reversing the 4.5 percent decrease in December last year, contributed mainly by gains in non-electronic export, the government said on Monday.
On a month-on-month seasonally adjusted basis, the NODX grew by8.4 percent from last month's 1.8 percent contraction, Singapore's trade promotion agency International Enterprise Singapore (IE Singapore) said in a statement.
Electronic shipments fell by 1.8 percent from a year ago, due to lower domestic exports of telecommunications equipment, consumer electronics and ICs.
Non-electronic exports grew by 6.2 percent in the same period, contributed by higher domestic exports of measuring instruments, non-monetary gold, disk media products and petrochemicals, said the statement.
While non-oil export to the European Union, the United States, Chinese Taiwan, and Malaysia contracted, that to the rest of the top 10 markets rose. The top contributors were the Hong Kong, Chinese mainland and South Korea.
The NODX to China grew by 10 percent, up from the 4.7 percent decrease in last month, attributed to an increase in non-electronic exports, said IE Singapore.
The NODX to the EU fell by 16 percent in the month while that to the U.S. fell by 4.4 percent.
Singapore's total trade grew by 19 percent to reach 81 billion Singapore dollars (about 57.4 billion U.S. dollars) in this month, an improvement over last month's 5.8 percent growths.
Total exports rose by 14 percent while total imports increased 26 percent, said the statement.
On a month-on-month seasonally adjusted basis, the NODX grew by8.4 percent from last month's 1.8 percent contraction, Singapore's trade promotion agency International Enterprise Singapore (IE Singapore) said in a statement.
Electronic shipments fell by 1.8 percent from a year ago, due to lower domestic exports of telecommunications equipment, consumer electronics and ICs.
Non-electronic exports grew by 6.2 percent in the same period, contributed by higher domestic exports of measuring instruments, non-monetary gold, disk media products and petrochemicals, said the statement.
While non-oil export to the European Union, the United States, Chinese Taiwan, and Malaysia contracted, that to the rest of the top 10 markets rose. The top contributors were the Hong Kong, Chinese mainland and South Korea.
The NODX to China grew by 10 percent, up from the 4.7 percent decrease in last month, attributed to an increase in non-electronic exports, said IE Singapore.
The NODX to the EU fell by 16 percent in the month while that to the U.S. fell by 4.4 percent.
Singapore's total trade grew by 19 percent to reach 81 billion Singapore dollars (about 57.4 billion U.S. dollars) in this month, an improvement over last month's 5.8 percent growths.
Total exports rose by 14 percent while total imports increased 26 percent, said the statement.
