Singapore's non-oil export growth drops to 7.7 pct in March

Singapore's non-oil domestic exports (NODX) grew 7.7 percent year-on-year in March, following a 17.6-percent growth in January and 9.4 percent growth in February, Enterprise Singapore, a government agency, said on Monday.

It is the 16th consecutive month for Singapore's NODX to see year-on-year growth.

In a breakdown, the electronic NODX increased 11.5 percent year-on-year in March, following an 11.6-percent increase in February. The non-electronic NODX grew 6.8 percent year-on-year in March, compared to an 8.8-percent increase in the previous month.

On a month-on-month seasonally adjusted basis, Singapore's NODX decreased by 2.3 percent in March to 17.2 billion Singapore dollars (about 12.66 billion U.S. dollars), after the previous month's 2.9-percent decline.

Singapore's non-oil re-exports (NORX) grew 11.4 percent year-on-year this March, following a 19.5-percent growth in the previous month. Both electronic and non-electronic NORX grew.

Enterprise Singapore said that Singapore's total trade grew 17.6 percent in March, following a 20.9-percent expansion in the preceding month. In a breakdown, the total exports increased 13.9 percent, and the total imports grew 21.9 percent.