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Singapore's non-oil exports up 8.1 pct in November
POSTED: 9:07 a.m. EDT, December 19,2006

Singapore's growth of non-oil domestic exports (NODX) expanded by a faster 8.1 percent in November 2006 as compared with the same month of last year, due mainly to faster growth in non-electronics NODX.

According to the figures released by the International Enterprise Singapore (IE Singapore) on Monday, the exports of electronic products contracted by 8.4 percent in November over the previous year while the exports of non-electronic products grew by a robust 25 percent in the same month.

The European Union, Malaysia and the United States made the largest contributions to NODX growth in the month.

The NODX to the United States increased for the tenth consecutive month albeit at a slower rate of 3.6 percent in November year-on-year.

While the NODX to the European Union expanded by a robust 40 percent in the same month, due to stronger growth in electronic and non-electronic NODX.

The NODX to China reversed last month's 8.2 percent decline to expand by 2.8 percent in November because of higher non-electronic NODX.

Singapore's total trade rebounded in November to register an 8. 7 percent increase after the previous month's 0.4 percent decline due to strong imports and exports, to reach 69 billion Singapore dollars ( about 44.8 billion U.S. dollars).

From:xinhua
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