Chart of the day: Singapore non-oil export growth slows down to 9% in June

Growth was dragged as electronic demand cools.

This chart from Enterprise Singapore shows the year-on-year growth of non-oil domestic exports (NODX). June NODX rose by 9%, a slowdown from 12% in May.

Meanwhile, non-electronic NODX grew by 10.6% YoY, a slight drop from 11.7% last month. Food preparations (+48.0%), petrochemicals (+21.1%) and measuring instruments (+30.9%) contributed the most to the growth in non-electronic NODX

On a month-on-month seasonally adjusted (SA) basis, NODX increased by 3.7% in June, an increase from 2.8% from last month.

On a SA basis, the level of NODX reached $17.7b in June 2022. This was higher than the previous month's $17.1b and levels a year ago.