Singapore non-oil domestic exports declined more than expected in October due to the weakness in both electronic and non-electronic shipments, data from International Enterprise Singapore revealed Thursday.
NODX contracted 12 percent year-on-year, following a 5 percent drop in September. This was bigger than the expected 3 percent decrease.
Electronic shipments contracted 6.0 percent and non-electronic exports plunged by 14.6 percent.
Exports to the majority of the top 10 markets, except Taiwan, Hong Kong and South Korea, contracted in October.
Month-on-month, NODX decreased by 3.7 percent in October, in contrast to the previous month's 2.2 percent increase.
At the same time, non-oil re-exports decreased 8.9 percent annually, reversing a 1.2 percent rise in September.
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