Singapore’s non-oil domestic exports inch up by 0.3% in September

Thanks to a surge in electronic exports.

The city-state bounced back from last month’s disappointing 8.4% decline in NODX, despite the decline in non-electronic exports.

According to International Enterprise Singapore, the 5.7% growth in electronic exports was a modest improvement from its 2.7% decline last month. The expansion could be attributed to ICs, PCs, and telecommunications equipment which improved by 14.1%, 32.5%, and 76.8% respectively.

This growth helped overcome the 1.9% contraction of non-electronic NODX, which continued its downhill slide following a 10.7% decline last August.

“The contraction in non-electronic NODX was led by petrochemicals (-19.1%), printed matter (-36.2%) and primary chemicals (-28.6%),” said the report.