Wed, 05 Oct 2022

Singapore's NODX grows by 7 pct on year in July

Xinhua
17 Aug 2022, 13:05 GMT+10

SINGAPORE, Aug. 17 (Xinhua) -- Singapore's non-oil domestic exports (NODX) rose by 7 percent year on year in July, following a revised 8.5 percent growth in June, Enterprise Singapore, a government agency, reported on Wednesday.

It is the 20th consecutive month for Singapore's NODX to grow year on year.

In a breakdown, the electronic NODX increased by 10.3 percent year on year in July, following a 4.1 percent increase in June. The non-electronic NODX grew by 6.1 percent year on year in July, compared to a 10 percent rise in the previous month.

On a month-on-month seasonally adjusted basis, Singapore's NODX increased by 1.4 percent in July to 17.8 billion Singapore dollars (12.9 billion U.S. dollars), after the previous month saw a 3.2 percent growth.

Singapore's non-oil re-exports (NORX) grew by 25.2 percent year on year in July, following a 31.4 percent growth in the previous month. Both electronic and non-electronic NORX saw an increase.

Singapore's oil domestic exports expanded by 97.1 percent year on year in July, compared to a 66.2 percent growth in June.

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