Singapore's non-oil domestic exports grows by 6.4 pct in April

Singapore's non-oil domestic exports (NODX) grew by 6.4 percent year on year in April, following a 7.7 percent growth in March, Enterprise Singapore, a government agency, announced on Tuesday.

It is the 17th consecutive month for Singapore's NODX to see year-on-year growth, and the fifth consecutive month for the growth to slow down.

In a breakdown, the electronic NODX increased by 12.8 percent year on year in April, following the 11.5 percent increase in March. The non-electronic NODX grew by 4.6 percent year on year in April, compared to the 6.8 percent increase in the previous month.

On a month-on-month seasonally adjusted basis, Singapore's NODX decreased by 3.3 percent in April to 16.6 billion Singapore dollars (about 11.93 billion dollars), after the previous month's 2.3 percent decline.

Singapore's non-oil re-exports (NORX) grew by 14.9 percent year on year this April, following the 11.4 percent growth in the previous month. Both electronic and non-electronic NORX grew.

Singapore's oil domestic exports expanded by 67.6 percent year on year in April, extending the 39.2 percent growth in March.

Enterprise Singapore said that Singapore's total trade grew by 21.8 percent in April, following the 17.6 percent expansion in the preceding month. In a breakdown, the total exports increased by 19.5 percent, and the total imports grew by 24.4 percent.