Singapore: Latest external trade figures continue to show a slide due to a contraction in both electronic and non-electronic NODX.
Total trade contracted by 6.1 per cent in June after the 1.5 per cent decrease in the previous month, with total exports declining by 2.9 per cent compared to the 1.3 per cent expansion in the previous month according to the latest IE Singapore report.
On a year-on-year (y-o-y) basis, Singapore's non-oil domestic exports (NODX) declined by 8.8 per cent in June, following the 4.6 per cent decrease in the previous month.
International Enterprise (IE) Singapore also said in its release that year-on-year, NODX to all of the top 10 NODX markets, except China, decreased in June 2013.
However, non-oil re-exports (NORX) expanded by 2.5 per cent in June after the 18.3 per cent increase in the preceding month, due to a growth in electronic demands. - CNA/sf
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