Non-oil exports rebound in June after 2 months of flat growth

SINGAPORE (July 17): Non-oil exports (NODX) in the republic rose 8.2% in June from a year ago ending flat in the past two months, says Singapore’s external trade promotion agency.

However, on a month-on-month seasonally adjusted basis, exports were down 2.7%, as the decline in electronic shipments outstripped the increase in non-electronic shipments, says International Enterprise (IE) Singapore.

Electronic shipments were up for the eighth consecutive month on a year-on-year basis, but the pace of increase slowed to 5.4% from 28.9% in May. ICs, disk media products and capacitors led the growth in June, rising by 20.7%, 2.9% and 10.5%, respectively.

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