SINGAPORE, April 17 — Singapore’s non-oil domestic exports (Nodx) grew by 17.6 per cent in March year on year, with gold making up about 70 per cent of the jump, according to Enterprise Singapore (ESG) data released today. This follows a 3 per cent growth in February. Gold exports...
Friday, 17 Apr 2020 11:02 AM MYT
SINGAPORE, April 17 — Singapore’s non-oil domestic exports grew by 17.6 per cent in March year on year, with gold making up about 70 per cent of the jump, according to Enterprise Singapore data released today. Gold exports increased by 242.5 per cent, which led to the bulk of the growth in March, said ESG.
On a month-on-month seasonally adjusted basis, Nodx grew by 12.8 per cent in March to reach S$15.8 billion. This was in contrast to S$14 billion in February — a 4.7 per cent decline. Electronics exports grew by 5.8 per cent year-on-year, while non-electronics exports grew by 20.5 per cent. Exports of integrated circuit components increased by 60.1 per cent, while for disk media products the increase was 50.6 per cent. Integrated circuits saw a 6.7 per cent increase in exports.
Specialised machinery exports grew by 54.2 per cent, while for pharmaceuticals the growth was 48.6 per cent.
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