BUSINESS Singapore sees 3.1 pct decline in NODX in October

BUSINESS

Singapore sees 3.1 pct decline in NODX in October

Xinhua

10:59, November 17, 2020

(File Photo: Agencies)

SINGAPORE, Nov. 17 (Xinhua) -- Singapore's non-oil domestic exports (NODX) declined by 3.1 percent year on year in October, comparing to the 5.8 percent increase in the previous month, Enterprise Singapore, a government agency, announced Tuesday.

The decline ended a four-month streak of year-on-year growth in Singapore's NODX.

On a month-on-month seasonally adjusted basis, the NODX decreased by 5.3 percent in October to 13.1 billion Singapore dollars (about 9.74 billion US dollars), after the previous month's 11.4 percent contraction.

In a breakdown of Singapore's total NODX, the electronic NODX decreased by 0.4 percent year on year in October, after the 21.4 percent increase in September. Meanwhile, the non-electronic NODX decreased by 3.9 percent year on year, after the 1.7 percent increase in September.

The NODX to Singapore's top 10 markets as a whole declined in October.

Singapore's NODX to Chinese mainland increased by 5.3 percent year on year this October, compared to the previous month's 0.1 percent decrease.

In a breakdown, the electronic NODX to Chinese mainland fell by 14.1 percent year on year in October, while the non-electronic NODX grew by 10.7 percent.

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