Singapore Exports Surge 21% Y/Y

Posted by Eric Haun
Thursday, November 16, 2017
Singapore's non-oil domestic exports (NODX) rose at a much stronger pace than expected in October, thanks to growth in both electronics and non-electronic sectors, official data showed on Friday.
Exports increased 20.9 percent in October year-on-year, data from the trade agency International Enterprise Singapore showed, with shipments to China surging 53.3 percent.
That was more than the 10.0 percent increase predicted by economists in a Reuters poll.
In September, exports unexpectedly contracted after 5 straight months of gains as electronics shipments fell for first time in almost a year.
On a seasonally adjusted month-on-month basis, exports grew 12.5 percent after an 11.0 percent decline in September. The Reuters poll had predicted growth of 5.1 percent.
Electronics exports, a major driver of shipments in recent months, rose 4.5 percent in October from a year earlier, while non-electronic exports grew 28.5 percent.
 

(Reporting by Fathin Ungku; Editing by Shri Navaratnam)
Categories: Container Ships Logistics Ports

Related Stories

Operations Begin at Jubail Container Terminal in Saudi Arabia

Australia’s Port of Newcastle Sets Diversified Trade Record

Russian Oil Tanker Arrives in Cuba's Matanzas Port

Current News

Operations Begin at Jubail Container Terminal in Saudi Arabia

Concerns Raised by Repeated Chinese Detentions of Panama-Flagged Vessels

CMA CGM Celebrates Maiden Call of New Port Kobe Service

New Wildlife Trafficking Compendium Released for Singapore

Subscribe for Maritime Logistics Professional E‑News