Singapore’s non-oil domestic export (NODX) rebounded in February with a year-on-year increase of 2.1 percent, compared with a 10.1 percent overall decline in January.
Singapore (VNA) – Singapore’s non-oil domestic export (NODX) rebounded in February with a year-on-year increase of 2.1 percent, compared with a 10.1 pe🌜rcent overall decline in January, the trade agency Interna🤪tional Enterprise (IE) Singapore said on March 17.
The agency attributed the rise to growth in electronic and non-electronic exports.
Domestic exports of electronics rose 0.7 percent from a year earlier, while exports of non-electronic products increased by 2.7 percent.
The largest contributors to Singapore’s NODX expansion were the European Union, Hong Kong (China), and Japan, said IE Singapore.
Exports to China, Singapore's top overseas market, fell 1.2 percent in February from a year earlier, after a 25.2 percent slide in January.-VNA
Singapore’s economic growth in 2016 will be modest, fluctuating between 1 and 3 percent, according to the country’s Ministry of Trade and Industry (MTI).
Singapore’s non-oil domestic exports (NODX) slid 7.2 percent in December last year, from a year earlier, as shipment of non-electronics products dropped 10.3 percent.
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Illustrative image (Source: channelnewsasia.com)
