Singapore's non-oil export drops 3.4% in November
www.chinaview.cn 2007-12-17 17:29:06   Print

    SINGAPORE, Dec. 17 (Xinhua) -- Singapore's mainstay export, the non-oil domestic export (NODX), declined by 3.4 percent year-on-year in November, reversing six months of increases, largely due to a drop in electronic NODX, the government said on Monday.

    Domestic exports of electronic goods sustained ten consecutive months of contraction, dropping by 8.2 percent in the month, due to lower domestic exports of Information computer system (ICs), telecommunications equipments and parts of PCs, said Singapore's trade promotion agency, the International Enterprise Singapore (IESingapore).

    Growth of non-electronic NODX was flat at 0.2 percent in the month, down from the previous month's 20 percent rose. The flat growth was contributed by higher domestic exports of specialized machinery, non monetary gold, electrical machinery and primary chemicals.

    However, most of these increases were offset by the 21 percent contraction in pharmaceutical domestic exports in the month, said IE Singapore.

    The main export to the top 10 markets, except China's Hong Kong, South Korea, Thailand, Malaysia, Japan, Chinese Taiwan, the United States and China, decreased in November. The largest contributors to the NODX decline were the EU and Indonesia.

    The NODX to China rose 0.6 percent while to the United States rose slightly by 0.5 percent, and to the EU dropped by 32 percent, said IE Singapore.

    Singapore's total trade grew by 8.2 percent to reach 75 billion Singapore dollars (about 52 billion U.S. dollars) in this month, following 15 percent in the previous month. Total exports increased by 4 percent while total imports increased 13 percent in November, said the report.

Editor: Yao Siyan
Related Stories
Home Business
  Back to Top