Singapore's non-oil domestic exports grow 8.7% in November

16:34, December 17, 2009      

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Singapore's non-oil domestic exports (NODX) grew by 8.7 percent in November over the same period last year, contrasting the 6.2 percent decrease in the previous month, official data showed on Thursday.

According to data from the International Enterprise Singapore, the expansion in November is mainly due to higher non-electronic NODX.

Non-electronic NODX expanded by 19 percent in November over the same period last year, contrasting with the 0.6 percent decline in the previous month. The increase was led by higher domestic exports of pharmaceuticals, petrochemicals and civil engineering equipment parts. Meanwhile, electronic NODX contracted by 6.1 percent in November, slower than the 14 percent decline in the previous month.

On a month-on-month seasonally adjusted basis, NODX rose by 20 percent in November, in contrast to the previous month's 13 percent decrease.

On a year-on-year basis, total trade expanded by 0.5 percent in November, compared to the 13 percent decrease in the previous month.

Source: Xinhua
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