Singapore’s key exports resume growth in July

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SINGAPORE (XINHUA) – The non-oil domestic exports (NODX) in Singapore expanded 15.7 per cent year-on-year in July, reversing the 8.8 per cent decline in June, the government agency Enterprise Singapore said yesterday.

Both electronic NODX and non-electronic NODX picked up growth in July. NODX to Singapore’s top markets as a whole expanded in July. The United States, Malaysia, and the Chinese mainland were the largest contributors to the expansion. Singapore’s total trade increased 13.7 per cent year-on-year in July, following the 1.2 per cent growth in June.

Total exports in Singapore grew 13.4 per cent year-on-year last month, and total imports expanded 14.0 per cent.

The city skyline of Singapore. PHOTO: XINHUA