NODX on a winning streak, up 21.5% in February

Both electronics and non-electronics gained in the said month.

Singapore's non-oil domestic exports reflected stronger growth in February, ending the month with a 21.5% growth.

According to the latest figures from International Enterprise Singapore, this came as both electronics and non-electronics closed the month with gains.

On a year-on-year basis, electronic NODX expanded by 17.2% in February 2017, following the 6.1% rise in the previous month. ICs, disk media products, and parts of PCs grew by 25.8%, 26.9%, and 19.7%, respectively, contributing the most to the growth in electronic domestic exports.

On the other hand, non-electronic NODX grew by 23.3% in February 2017, following the 9.8% increase in the previous month. Petrochemicals, specialised machinery, and non-monetary gold increased by 45.3%, 111.8%, and 104.3%, respectively, contributing the most to the rise in non-electronic NODX.

NODX's winning streak started in November 2016, when it registered a 15.6% growth. From then, the uptrend eased a little to 9.1% in December and 8.6% in January.

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