The total value of non-oil domestic exports in Singapore was up 12.7 percent on year in July, Enterprise Singapore said on Tuesday – exceeding expectations for 12.0 percent following the 15.9 percent gain in June.
Growth was mainly due to non-electronics such as specialized machinery, pharmaceuticals and petrochemicals – while electronics also rose.
NODX to the top 10 markets as a whole rose in July, mainly due to China, the EU 27 and Taiwan while NODX to the United States declined.
On a seasonally adjusted monthly basis, non-oil domestic exports fell 0.9 percent – again beating forecasts for a drop of 1.2 percent after gaining 6.0 percent in the previous month.
The value was worth SGD16.1 billion, down from SGD16.3 billion a month earlier.