Electronic exports failed to rebound for 18 straight months

It dropped 17% in December 2013.

According to Maybank Kim Eng, electronic exports fell for the 18th straight month by -17.0% YoY (Dec 2013: -3.1% YoY), dragged by the continued declines in Integrated Circuits (Jan 2014: -21.2% YoY; Dec 2013: -0.9% YoY), Parts of PC’s (Jan 2014: -19.4% YoY; Dec 2013: -15.5% YoY), Disk Drives (Jan 2014: -31.5% YoY; Dec 2013: - 33.8% YoY) and Diodes & Transistors (Jan 2014: -3.1% YoY; Dec 2013: +7.4% YoY).

Non-Electronics exports limited the NODX decline by staying in the black (Jan 2014: +3.5% YoY; Dec 2013: +10.6% YoY).

Here's more from Maybank Kim Eng:

Petrochemicals was the main driver in the segment as it chalked up its seventh consecutive month of double digit growth (Jan 2014: +26.3% YoY; Dec 2013: +39.8% YoY) while the other major gains came from structures of ships & boats (+1,944.1% YoY) and printed matter (+44.5% YoY).

Pharmaceuticals which accounted for 14% of non-electronics exports remained in the red for an eight straight month although the pace of declines narrowed (Jan 2014: -9.4% YoY; Dec 2013: -18.7% YoY).

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