Singapore’s exports increase after three-month drop
Friday, 18/05/2018 09:56 (GMT+7)
The Enterprise Singapore announced on May 17th that the country’s non-oil domestic exports (NODX) increased in April after three consecutive months of declining, thanks to the higher increase in non-electronic exports over the decrease in electronic exports.
The Tanjong Pagar port of Singapore (Photo: AFP/VNA)
NODX grew by 11.8 percent year-on-year in April, after the 3.2 percent decline in the previous month, surpassing economists’ earlier forecast of 7.3 percent.
The export of non-electronic products rose 19.6 percent while that of electronic goods dropped 6.9 percent.
NODX to the majority of the top markets grew in the month, except Taiwan (China) and the Republic of Korea, Malaysia and Hong Kong (China). The growth was led by China, the EU and the US.
The country's total trade rose over the year in April, supported by both import and export growth./.
CPV/VNA
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