Singapore’s non-oil domestic exports (NODX) rose by 7.7 percent in March, following a 9.4 percent growth in February.
Both electronics and non-electronics exports went up, and exports to the top 10 markets as a whole grew in March, mainly due to the US, Malaysia and the European Union, according to official data released by Enterprise Singapore (ESG) on 18 April.
However, exports to Hong Kong, South Korea, Hong Kong and Thailand dropped.
On a month-on-month seasonally adjusted basis, NODX fell 2.3 percent in March, following the previous month’s 2.9 percent decline.
Non-electronic domestic exports fell while electronics rose. On a seasonally adjusted basis, the level of NODX reached S$17.2 billion in March, lower than the S$17.6 billion recorded in the previous month.
NODX grew over the year, mainly due to non-electronics such as non-monetary gold, pharmaceuticals and measuring instruments, said ESG.
On a year-on-year basis, electronic NODX grew by 11.5 percent in March, after the 11.6 percent rise in February.