SINGAPORE: Singapore's non-oil domestic exports (NODX) jumped by 5 per cent in August following an 11 per cent expansion in July, according to official data on Monday (Sep 17).
Non-electronic exports grew by 7.8 per cent following an 18.6 per cent expansion in July, data from trade agency Enterprise Singapore showed. Electronic exports declined by 1.5 per cent following a 5.8 per cent decrease in the previous month.
AdvertisementNODX to most of the top 10 markets grew in August, driven mainly by the United States, the European Union and Indonesia.
On a seasonally adjusted month-on-month basis, exports rose by 0.4 per cent in August after a 3.6 per cent growth in July. The level of NODX reached S$15.6 billion in August, similar to the previous month.
Total trade over the year rose by 13.3 per cent, following a 17.4 per cent growth in July. This was supported by both export and import growth, Enterprise Singapore said.
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