Singapore’s exports up marginally in September

Non-oil domestic exports (NODX) in Singapore rose slightly by 0.9 per cent on-year in September, due to an increase in non-electronic exports which outweighed the decline in electronic exports.

The rise in NODX comes after a 6 per cent expansion in the previous month, according to statistics released on Friday (Oct 17) by International Enterprise (IE) Singapore.

 

1

On a month-on-month seasonally adjusted basis, NODX decreased by 8.8 per cent in September, following the previous month’s 7.6 per cent expansion.

Electronic exports fell 4 per cent on-year, following the 6.9 per cent decline in the previous month. The decrease was largely due to parts of PCs (-25.1 per cent), ICs (-5.5 per cent) and disk drives (-11.7 per cent).

Non-electronic exports expanded by 3 per cent, following the 12.1 per cent rise in the previous month. The increase was led by petrochemicals (16.5 per cent), specialised machinery (32.9 per cent) and primary chemicals (24.1 per cent).

On a year-on-year basis, NODX to all of the top 10 markets – except Hong Kong, Japan, the EU 28 and Indonesia – rose last month. The top three contributors to the rise were China, Taiwan and Malaysia.

2

Non-oil re-exports (NORX) rose by 4.2 per cent on-year in September, in contrast to the 5.6 per cent decline in the previous month, due to an increase in non-electronic re-exports which outweighed the contraction in electronic exports.

3

Electronic re-exports fell by 0.7 per cent, following the 7.8 per cent decline in the previous month. The contraction was due to ICs (-2.3 per cent), parts of PCs (-17.5 per cent) and PCs (-10.1 per cent).

Non-electronic NORX increased by 10 per cent, compared with the 3.3 per cent decline in the previous month. The rise was due to structures of ships and boats (2,608.9 per cent), nickel (404.6 per cent) and motorcycles (90.9 per cent).

 

 

 

 

Source : Channel News Asia | October 17, 2014

Thomas D’Innocenzi

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About thomasdinnocenzi

Thomas D'Innocenzi is a highly accomplished, results-focused senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. thomas@novaadvisors.com In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
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