SINGAPORE, Jan. 17 (Xinhua) -- Singapore's mainstay export, the non-oil domestic export (NODX), declined by 4.5 percent year-on-year in December last year, following November's 3.4 percent contraction, due to a drop in electronic export, the government said on Thursday.
Domestic exports of electronic goods sustained 11 consecutive months of decrease, falling by 9.2 percent, due to lower domestic exports of Information Computer system (ICs), telecommunications equipment and disk drives, said Singapore's trade promotion agency, the International Enterprise Singapore (IE Singapore).
Non-electronic NODX declined by 0.8 percent, contributed by lower domestic exports of disk media products, pharmaceuticals and printed matter.
While non-oil export to countries and regions including South Korea, Thailand, the United States, Malaysia and Taiwan, increased, that to the rest of the top 10 markets fell in the month. The top contributors to the decline were the European Union, Japan and Indonesia.
The NODX to China dropped by 4.7 percent while to the United States rose by 3.0 percent, and to the EU contracted by 27 percent, said IE Singapore.
Singapore's total trade grew by 5.8 percent to reach 72 billion Singapore dollars (about 50.3 billion U.S. dollars) in this month, following 8.2 percent growth in the previous month. Total exports increased by 6.0 percent while total imports increased 5.5 percent, said the report.
Domestic exports of electronic goods sustained 11 consecutive months of decrease, falling by 9.2 percent, due to lower domestic exports of Information Computer system (ICs), telecommunications equipment and disk drives, said Singapore's trade promotion agency, the International Enterprise Singapore (IE Singapore).
Non-electronic NODX declined by 0.8 percent, contributed by lower domestic exports of disk media products, pharmaceuticals and printed matter.
While non-oil export to countries and regions including South Korea, Thailand, the United States, Malaysia and Taiwan, increased, that to the rest of the top 10 markets fell in the month. The top contributors to the decline were the European Union, Japan and Indonesia.
The NODX to China dropped by 4.7 percent while to the United States rose by 3.0 percent, and to the EU contracted by 27 percent, said IE Singapore.
Singapore's total trade grew by 5.8 percent to reach 72 billion Singapore dollars (about 50.3 billion U.S. dollars) in this month, following 8.2 percent growth in the previous month. Total exports increased by 6.0 percent while total imports increased 5.5 percent, said the report.
