Non-oil domestic exports in Singapore decreased at a slower-than-expected pace in July as a decline in non-electronic exports outweighed a rise in electronic exports, figures from the International Enterprise Singapore showed on Monday.
The non-oil domestic exports, or NODX, fell 0.8 percent year-on-year in July following a 4.5 percent growth in the previous month. Economists had expected a fall of 1.2 percent for the month.
Electronics exports rose 2.3 percent in July following the 7.6 percent jump in the previous month, while non-electronic exports decreased by 2.1 percent after rising 3.3 percent a month earlier.
Oil domestic exports dropped 20.6 percent annually in July following a 25.3 percent contraction in June. Non-oil re-exports increased 5.0 percent after rising 1.0 percent in June.
Total trade dropped by 6.5 percent year-on-year in July, faster than a 5.4 percent decrease in the previous month. A fall in total exports eased to 4.0 percent from 6.2 percent in June, while that in total imports steepened to 9.2 percent from 4.5 percent.
Month-on-month, the non-oil domestic exports increased a seasonally adjusted 2.4 percent in July following a 2.7 percent drop in the previous month.
Total trade increased 2.4 percent month-on-month in July after rising 1.0 percent in June. Total exports grew by 4.6 percent, reversing a 2.0 percent decline in June, while total imports declined 0.2 percent following a 4.6 percent growth in June.
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