Singapore enjoyed an upswing in external trade with non-oil domestic exports (NODX) increasing by 6.0 percent year-on-year in August 2014, according to fresh data from International Enterprise (IE) Singapore.
The spike follows a 3.3 percent decline reported in the previous month, due to the increase in non-electronic NODX which outweighed the decline in electronic NODX.
Compared to last year, NODX to all of the top 10 NODX markets, except Hong Kong, Japan and Thailand rose in August. The top three contributors to the NODX rise were South Korea, Taiwan and China.
Meanwhile, non-oil re-exports (NORX) fell by 5.6 percent in August 2014 from last year, after the 1.7 percent contraction in the month before, due to a decrease in both electronic and non-electronic re-exports.
Source: IE Singapore
Romesh Navaratnarajah, Singapore Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
