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Singapore's exports drop 0.2 pct year-on-year in May

Xinhua, June 17, 2015 Adjust font size:

Non-oil domestic exports (NODX) in Singapore fell 0.2 percent on-year in May, due to a decrease in electronic exports, according to statistics released on Wednesday by International Enterprise (IE) Singapore.

The fall in exports comes after a 2.2 percent expansion in the previous month.

Electronic exports fell 2.5 percent on-year, following the 4.0 percent decline in the previous month.

Non-electronic exports expanded by 0.8 percent, following the 4. 7 percent rise in the previous month.

On a year-on-year basis, NODX to all of the top 10 markets except the United States, South Korea, Thailand and China's Hong Kong, fell last month. The top three contributors to the decline were Indonesia, the EU and China, according to the agency, which drives Singapore's external trade.

Non-oil re-exports (NORX) declined by 2.7 percent on-year in May, after the 2.1 percent contraction in the previous month, due to a decrease in both electronic and non-electronic re-exports.

Electronic re-exports fell by 1.8 percent, following the 2.3 percent decline in the previous month, IE Singapore said.

Non-electronic NORX decreased by 3.7 percent, after the 1.8 percent decline in the previous month. Endi