ECONOMY | Staff Reporter, Singapore

NODX growth dips to 8.5% in July

This is despite continued decline in pharma and chemicals export.

Singapore's non-oil domestic exports (NODX) growth 8.5% YoY in July, 2.5ppt lower than last month's rate.

According to OCBC Treasury Research, growth for electronics exports jumped 16.3% YoY, led by integrated circuits (ICs) at 31%, followed by parts of PCs at 9.9%, and Disk Media Products at 5.9%.

For the non-electronic exports, lustre petrochemical contributed to NODX’s overall strength at with growth of 38.3%. However, exports of pharmaceuticals and chemicals still declined.

Exports saw growth in Asian markets, especially Thailand at 55.3%, Malaysia at 21.8%, and Hong Kong at 19.5%.

Others continued to stay in positive growth territories, OCBC said.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.