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ECONOMY | Staff Reporter, Singapore
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Chart of the Day: Check out which markets worsened Singapore's NODX

EU 28 market posted the largest contraction of 36%.

Singapore NODX fell for the first time in April after recording strong growths for the past five months. This chart from International Enterprise Singapore shows which markets dragged Singapore NODX to the red.

According to IE Singapore, NODX declined in the EU 28, Hong Kong, US, and Japan markets, outweighing the growth seen in Taiwan, South Korea, China, Malaysia, Indonesia and Thailand.

The largest contributors to the decrease in NODX were the EU 28 (-36.0%), Hong Kong (-23.1%) and the US (-9.6%), followed by Japan (-2.3%).

NODX to the EU 28 declined due to the slump in pharmaceuticals (-61.1%), PCs (-53.1%) and non-electric engines & motors (-80.5%) segments.

Meanwhile, NODX to Hong Kong declined by 23.1% in April 2017, after expanding by 17.4% in the preceding month, due to non-monetary gold (-90.0%), precious stones & pearls (-94.8%) and optical goods (-79.8%).

On the other hand, NODX to the US decreased by 9.6% in April 2017, after growing by 1.8% in March 2017, due to non-electric engines & motors (-87.8%), pharmaceuticals (-76.8%) and diodes & transistors (-59.2%).
 

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