Singapore's electronic exports dipped further by 3.7%

Still better than last month's -17%.

According to Maybank Kim Eng, non-electronics shipments accounted for 71% of NODX in Feb 2014 as it gained by +15.3% YoY (Jan 2014: +3.5% YoY) led by growth in Petrochemicals (Feb 2014: +49.2% YoY; Jan 2014: +26.3% YoY), Pharmaceuticals (Feb 2014: +21.8% YoY; Jan 2014: -9.4% YoY) and Printed Matter (Feb 2014: +57.1% YoY; Jan 2014: +44.5% YoY).

Exports of Pharmaceuticals notably turned positive for the first time in nine months.

Here's more from Maybank Kim Eng:

Electronics exports declined further but by a smaller margin of -3.7% YoY in Feb 2014 compared to -17.0% YoY reported in the preceding month.

The positive contributions from Parts of IC’s (Feb 2014: +56.0% YoY; Jan 2014: +28.5% YoY) and Diodes & Transistors (Feb 2014: +30.6% YoY; Jan 2014: -3.1% YoY) was not enough to offset the declines in IC’s (Feb 2014: -8.7% YoY; Jan 2014: -21.2% YoY), Parts of PC’s (Feb 2014: -9.6% YoY; Jan 2014: -19.4% YoY) and Disk Drives (Feb 2014: -16.0% YoY; Jan 2014: -31.5% YoY).

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