SINGAPORE (Dec 17): Singapore’s non-oil domestic exports (NODX) contracted 5.9% year-on-year in November, as a decline in electronic exports outweighed the growth in non-electronics.
According to data released on Tuesday by trade agency Enterprise Singapore, this marks the ninth consecutive month of a decline in the city-state’s NODX, albeit slightly better than October’s 12.5% decline.
On a month-on-month basis, NODX grew by 5.8%, following the previous month's 3.1% decrease. This came on the back of increases in both electronic and non-electronic domestic exports, according to data published Tuesday by Enterprise Singapore.
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