Why tech domestic export's 7.6% drop wasn't so bad at all

It's the smallest decline in 6 months.

According to CIMB, although Jul’s tech DX (33% of NODX) fell 7.6% yoy vs. May’s -8.9% yoy (12th consecutive month of yoy decline), there was some cause for cheer.

Here's more:

It was the smallest yoy decline in six months and at S$4.86bn, the highest value in 10 months. Adjusted for the number of working days, tech DX reached S$187m a day, the highest in nine months.

This was supported by semiconductors (14% of NODX, top exports) worth S$78m a day (-9.6% yoy) vs. S$72m a day in 1Q13 (-13.9% yoy) and S$78m in 2Q13 (-11.9% yoy).

Shipyards lifted non-tech DX
The main reason for the stronger-than-expected NODX last month was non-tech DX’s (67% of NODX) rise of 3.0% yoy after a 7.2% yoy slide in Jun, led by “lumpy items” from the shipyards. DX of “the structures of ships & boats” jumped sharply to S$557m to eclipse a 32.0% yoy fall in pharmaceutical DX.

Without the help of these lumpy DX, NODX would have declined 4.8% yoy (-7.8% in Jun, -4.9% in May).

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.
The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.
If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia