Singapore exports rise 8.6% in Jan on electronic & non-electronic products

SINGAPORE (Feb 17): Singapore’s non-oil domestic exports (NODX) grew by 8.6% on-year in January 2017, extending the 9.1% and 15.6% growth in the preceding two months of Dec and Nov 2016 respectively due to an increase in both electronic and non-electronic products.

According to data released by IE Singapore on Friday, electronic NODX rose 6.1% y-o-y in Jan, following the 5.7% increase in the previous month. This was largely due to growth in ICs (31.6%), parts of PCs (11%) and disk media products (2.9%), which together, contributed the most to the increase in overall electronic domestic exports.

Non-electronic NODX grew by 9.9% over the month, following a 10.7% increase in Dec 2017. This was mainly attributable to a rise in specialised machinery, petrochemicals and non-monetary gold which expanded by 104.7%, 37.1% and 30.7% respectively.

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