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Home >> World
UPDATED: 16:46, October 17, 2005
Singapore's NODX growth falls in September
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Singapore's non-oil domestic exports (NODX) reported a mild 0.4 percent in September to 12.2 billion Singapore dollars (about 7.2 billion US dollars) from a year ago after recording a 7.1 percent gain in August.

According to a statement by the International Enterprise Singapore (IE Singapore) on Monday, the poor performance in NODX should be blamed for the weaker exports of non-electronic products, which recorded a contraction of 2.6 percent in September following the 13 percent growth in the previous month.

Electronics, which accounts for half of the city-state's NODX, grew 1.7 percent in September from a year ago to 6.5 billion Singapore dollars (about 3.8 billion US dollars).

Except for the US, European Union (EU) and Japan, NODX to the rest of the top-ten markets reported positive growth with China, China's Taiwan province, South Korea and Thailand remaining the top four contributors to growth.

Total trade in September rose an annual 12 percent to 58 billion Singapore dollars (about 34 billion US dollars), bringing the figure for the first nine months of this year to 477 billion Singapore dollars (about 282 billion US dollars).

Source: Xinhua


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