Singapore's exports jump 16.1% in June, reversing May's decline

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Singapore's exports jump 16.1% in June, reversing May's decline
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SINGAPORE: Singapore’s non-oil domestic exports (NODX) grew 16.1 per cent in June from a year ago, bolstered by shipments of pharmaceuticals, ...

SINGAPORE: Singapore’s non-oil domestic exports grew 16.1 per cent in June from a year ago, bolstered by shipments of pharmaceuticals, specialised machinery and electronics.

On a month-on-month seasonally adjusted basis, NODX rose by 0.5 per cent in June after a revised 4.6 per cent fall in May.In June, electronic shipments rose by 22.2 per cent from a year earlier. This was boosted by exports of disk media products, which rose 59.8 per cent; telecommunications equipment, which increased 37.8 per cent; and integrated circuits, which expanded 29.1 per cent.Non-electronic exports, which rose 14.

Exports to Japan rose the most by 94.7 per cent, led by demand for pharmaceuticals, synthetic rubber and waste as well as personal computers.

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