SINGAPORE, Dec 17 (Bernama) -- Singapore's domestic exports, minus oil, rose by 20 per cent last month, pushed by increased sales of electronic and non-electronic products such as pharmaceuticals, petrochemicals and civil engineering equipment parts.
This was in contrast to a 13 per cent drop in October, said International Enterprise (IE) Singapore, an agency under the Trade and Industry Ministry that spearheads development of the city-state's external economic wing.
In its monthly report on Thursday, IE said on a yearly basis, the republic's domestic exports grew by 8.7 per cent in November 2009, compared to the 6.2 per cent decline in October due to higher non-electronic domestic exports.
It said on month, Singapore's total trade rose by 6.7 per cent last month compared to 4.1 per cent slide in October.
But on year, total trade expanded by 0.5 per cent in November vis-a-vis a 13 per cent slip in the previous month.
IE also said Singapore’s exports to half of its top 10 export markets, which include the European Union, Hong Kong and Taiwan, rose on year in November.
But domestic exports to the US, Japan, Thailand, Malaysia and Indonesia had declined, IE said.
Its exports to Malaysia contracted by 1.5 per cent last month after a 5.6 per cent slide in the previous month.
The dip was due to lower electronic domestic exports which fell by 6.0 per cent in November, in contrast to the 4.7 per cent expansion in the previous month.
The lower sales in electronic domestic exports were mainly due to lower domestic exports of diodes & transistors (-48 per cent), bare printed circuit boards (-35 per cent) and telecommunications equipment (-63 per cent).
However, non-electronic exports to Malaysia increased by 2.9 per cent in November 2009, compared to the previous month’s 13 per cent contraction.
The rise in non-electronic exports was mainly due to higher domestic exports of petrochemicals ( 36 per cent), non-monetary gold ( 54 per cent) and disk media products ( 70 per cent).
Tiada ulasan:
Catat Ulasan