SINGAPORE (XINHUA) – Singapore’s non-oil domestic exports (NODX) grew 7.7 per cent year-on-year in March, following a 17.6-per-cent growth in January and 9.4-per-cent growth in February, Enterprise Singapore, a government agency, said yesterday.
It is the 16th consecutive month for Singapore’s NODX to see year-on-year growth.
In a breakdown, the electronic NODX increased 11.5 per cent year-on-year in March, following an 11.6-per-cent increase in February. The non-electronic NODX grew 6.8 per cent year-on-year in March, compared to an 8.8-per-cent increase in the previous month.
On a month-on-month seasonally adjusted basis, Singapore’s NODX decreased by 2.3 per cent in March to SGD17.2 billion (about USD12.66 billion), after the previous month’s 2.9-per-cent decline. Singapore’s non-oil re-exports (NORX) grew 11.4 per cent year-on-year this March, following a 19.5-per-cent growth in the previous month.
Both electronic and non-electronic NORX grew.
Enterprise Singapore said that Singapore’s total trade grew 17.6 per cent in March, following a 20.9-per-cent expansion in the preceding month. In a breakdown, the total exports increased 13.9 per cent, and the total imports grew 21.9 per cent.
