XINHUA – The non-oil domestic exports (NODX) in Singapore contracted 0.1 per cent year-on-year in May, following the 9.6 per cent decline in April, the government agency Enterprise Singapore said yesterday.
The figure marked the mildest drop in 20 months, it added.
Non-electronic NODX declined six per cent year-on-year in May, while the exports of electronic products expanded 21.9 per cent.
NODX to Singapore’s top markets as a whole grew last month. China’s Hong Kong, Malaysia, and the United States were the largest contributors to the growth. Singapore’s domestic oil exports increased 30.1 per cent year-on-year in May, bringing a 14.2-per-cent expansion to the country’s total trade.
