The climb is mostly attributed to non-electronics sector.
Singapore’s non-oil domestic exports (NODX) rebounded 6.8% in December following its 5% fall in November, according to a report by Enterprise Singapore (ESG).
The growth was primarily due to a 5% YoY spike in the non-electronics sector, which recovered after dropping by 5.3% the month prior.
According to ESG: “Specialised machinery (+30.9%), non-monetary gold (+14.5%), and measuring instruments (+21.4%) contributed the most to the growth in non-electronic NODX.”
Meanwhile, the electronic sector’s NODX increased by 13.7% YoY after posting a 4% plunge in the previous month.
“ICs, parts of PCs, as well as diodes and transistors expanded by 15.7%, 33.8%, and 16.5% respectively, contributing the most to the increase in electronic NODX,” ESG reported.
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