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Trade

Singapore's non-oil exports to China decline 15.8 pct in June

July 18, 2019


Abstract : Singapore's non-oil domestic exports (NODX) to China fell 15.8 percent year-on-year in June, following a 23.3-percent contraction in May, the government agency Enterprise Singapore said on Wednesday.

SINGAPORE, July 17 (Xinhua) -- Singapore's non-oil domestic exports (NODX) to China fell 15.8 percent year-on-year in June, following a 23.3-percent contraction in May, the government agency Enterprise Singapore said on Wednesday.

Enterprise Singapore attributed the decline mainly to the exports of non-monetary gold, integrated circuits and primary chemicals, which fell by 55.3 percent, 39.7 percent and 50.5 percent year-on-year, respectively.

In a breakdown, the electronic exports of Singapore to China decreased by 36 percent year-on-year in June, while the non-electronic exports went down 11.3 percent year-on-year.

NODX to the majority of Singapore's top markets decreased in June, except the United States. The largest contributors to the NODX decline were China's Hong Kong Special Administrative Region, the Chinese mainland and the European Union countries.

Singapore's total NODX decreased by 17.3 percent year-on-year in June after the recalculated 16.3 percent decrease in May. On a month-on-month seasonally adjusted basis, the NODX declined by 7.6 percent in June to 12.9 billion Singapore dollars (about 9.49 billion U.S. dollars).

In a breakdown of Singapore's total NODX, Singapore's electronics exports declined by 31.9 percent year-on-year in June, following a 31.6-percent decrease in the previous month. Meanwhile, the non-electronic exports decreased by 12.4 percent year-on-year, after a revised 11.1-percent decrease in May.

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Keyword: China-Singapore export foreign trade

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