Singapore's Key Exports Resume Growth After 13 Months Decline
19 December 2023
The non-oil domestic exports (NODX) in Singapore rose by 1 percent year-on-year in November after contraction for 13 straight months, according to a report by government agency Enterprise Singapore Monday.
Total exports of the city-state rose by 2.8 percent year-on-year in November while total imports declined by 2.5 percent, said the report.
In November, electronic exports contracted by 12.7 percent year-on-year, while non-electronic exports grew by 5.2 percent, according to the government agency.
NODX to Singapore's top markets as a whole declined in November, though exports to the United States, the Chinese mainland, Thailand and China's Hong Kong Special Administrative Region rose, the data showed.
The oil domestic exports of Singapore declined by 2.7 percent year-on-year in November following a 12.6 percent expansion in October, according to the report.
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