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Singapore Exports Fall In January

Singapore’s non-oil domestic exports decreased at a less-than-expected rate in January, data from Enterprise Singapore showed on Monday.

Non-oil domestic exports dropped 3.3 percent year-on-year in January, after a 2.4 percent rise in December. Economists had expected a 5.5 percent decline.

Electronic NODX declined by 13.0 percent, and non-electronic NODX fell 0.1 percent.

On a monthly basis, NODX grew 4.6 percent in January, after a 1.0 percent rise in the previous month.

NODX to the majority of the top markets decreased in January, except US, China, South Korea and Taiwan. The largest contributors to the decline were from Hong Kong, EU 28 and Indonesia.

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