Singapore’s exports increase after three-month drop
The Enterprise Singapore announced on May 17 that the country’s non-oil domestic exports (NODX) increased again in April after three consecutive months of declining, thanks to the higher increase in non-electronic exports over the decrease in electronic exports.
The Tanjong Pagar port of Singapore (Photo: AFP/VNA)
Singapore (VNA) – The Enterprise Singapore announcedon May 17 that the country’s non-oil domestic exports (NODX) increased inApril after three consecutive months of declining, thanks to the higher increasein non-electronic exports over the decrease in electronic exports.
NODX grew by 11.8 percent year-on-year in April, after the 3.2 percent declinein the previous month, surpassing economists’ earlier forecast of 7.3 percent.
The export of non-electronic products rose 19.6 percent while that ofelectronic goods dropped 6.9 percent.
NODX to the majority of the top markets grew in the month, except Taiwan (China)and the Republic of Korea, Malaysia and Hong Kong (China). The growth was ledby China, the EU and the US.
The country's total trade rose over the year in April, supported by bothimport and export growth.-VNA
The Monetary Authority of Singapore (MAS) – the central bank - said on March 14 that economists have raised their forecasts for the country’s economic growth in 2018, as they upgraded their views on private consumption as well as wholesale and retail trade.
Singapore’s non-oil domestic exports (NODX) in February dropped 5.9 percent year-on-year, the strongest decline since October 2016, International Enterprise Singapore announced on March 16.
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The Tanjong Pagar port of Singapore (Photo: AFP/VNA) 
