Non-oil domestic exports fall 8.7% YoY in June

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Non-oil domestic exports fall 8.7% YoY in June
Singapore Latest News,Singapore Headlines
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pstrongThe decline in non-electronic NODX contributed largely to the drop. /strong/p pNon-oil domestic exports (NODX) fell 8.7% YoY and 0.4% MoM in June, a href="https://sbr.com.sg/economy/news/non-oil-domestic-exports-slip-01-yoy-in-may"extending the decline in May.

The decline in non-electronic NODX contributed largely to the drop. Non-monetary gold, specialised machinery and food preparations, which fell by 51.1%, 10.3%, and 16.3%, respectively, contributed the most to the dip in non-electronic NODX.Telecommunications equipment , disk media products , and ICs dragged electronic NODX in June.

June also saw a contraction in NODX to Singapore’s top markets, with the US , Hong Kong and China being the largest contributors to the decrease.Unlike NODX and NORX, oil domestic exports grew, climbing 9.2% YoY. With a decline in total exports and growth in total imports , total trade increased by 1.2% in June....there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

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