Non-electronic products at a drop of 5.3% were the key drag, led by petrochemicals with a 17.8% decline, non-monetary gold which plunged 25.9% and specialised machinery with a 11.7% drop.
Although there has been a surprise decline in Singapore non-oil domestic exports (NODX) in May, demand for electronics has remained intact, according to Enterprise Singapore’s media release on June 17.
NODX fell 3.5% from a year ago compared to the 12.4% gain in April, while declining 12% on a seasonally-adjusted month-on-month basis.
