Singapore NODX sink further by 1.2% in May

After the 0.8% decline in April.

Singapore's non-oil domestic exports reported a slight 1.2% decline in May, extending its 0.8% loss recorded in the previous month.

According to IE Singapore, electronic exports continue its shine with a 23.3% expansion in the said month, boosting its 4.8% increase in April. ICs, PCs and parts of PCs grew by 31.2%, 64.7% and 26.2% respectively, and they contributed the most to the growth in electronic domestic exports.

Meanwhile, non-electronic exports pulled gains from electronic products with its 9% decline. Civil engineering equipment parts, nonmonetary gold and pharmaceuticals decreased by 92.5%, 24.6% and 14.2% respectively, contributing the most to the decline in non-electronic NODX.