SINGAPORE: Singapore’s non-oil home exports (NODX) grew at a slower pace of 6.4 per cent year-on-year in April, following a 7.7 per cent progress in March.
Both electronics and non-electronics exports elevated, and exports to the highest 10 markets as a complete rose in April, primarily attributable to Taiwan, Malaysia and the US, based on official knowledge launched by Enterprise Singapore (ESG) on Tuesday (May 17).
NODX to China, Hong Kong and South Korea declined.
On a month-on-month seasonally adjusted foundation, NODX decreased by 3.3 per cent in April, following the earlier month’s 2.3 per cent decline. Both electronics and non-electronics decreased.
On a seasonally adjusted foundation, the extent of NODX reached S$16.6 billion in April, decrease than the earlier month’s S$17.2 billion, however greater than ranges a 12 months in the past.
On a year-on-year foundation, digital NODX rose by 12.8 per cent in April, following the 11.5 per cent progress in the earlier month.
Integrated circuits, components of built-in circuits and telecommunications tools rose by 13.4 per cent, 94.2 per cent and 25.4 per cent respectively, contributing probably the most to the expansion in digital NODX.
Non-electronic NODX elevated by 4.6 per cent in April 2022 on a year-on-year foundation, following the 6.8 per cent rise the earlier month.
Specialised equipment, measuring devices and buildings of ships and boats contributed probably the most to the expansion in non-electronic NODX, rising by 6.9 per cent, 18.4 per cent and 305.6 per cent respectively.
Singapore’s exports grow at slower pace of 6.4% in April & More Latest News Update
Singapore’s exports grow at slower pace of 6.4% in April & More Live News
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