Singapore's NODX fell 4.8% in March

8 of its top 10 NODX markets dragged growth.

According to the latest figures released by the Department of Statistics, Singapore's NODX declined by 4.8 per cent in March 2013, following the 30.6 per cent decrease in the previous month, due to a contraction in electronic NODX which outweighed the expansion in non-electronic NODX.

NODX to all of the top 10 NODX markets, except Japan and China, decreased in March 2013 (y-o-y). The top three contributors to the NODX contraction in March 2013 were the EU 27, Malaysia and the US.

On a y-o-y basis, electronic NODX decreased by 17.9 per cent in March 2013, after the 27.4 per cent decline in the previous month. The contraction in electronic domestic exports was largely due to ICs (-17.0 per cent), disk media products (-36.7 per cent) and parts of PCs (-19.3 per cent).

On a y-o-y basis, NORX contracted by 1.9 per cent in March 2013, after the 14.4 per cent decline in the previous month, due to a decrease in both electronic and non-electronic NORX.

The report also noted that on a y-o-y basis, non-electronic NODX expanded by 2.3 per cent in March 2013, compared to the 32.1 per cent decline in the previous month. The rise in non-electronic NODX was led by printed matter (+315.9 per cent), pharmaceuticals (+2.9 per cent) and medical apparatus (+30.0 per cent).