Singapore Trade Balance


Exports continue to fall in September

In September, non-oil domestic exports (NODX) fell 3.4% over the same month last year. The figure followed the revised 10.7% drop seen in August (previously reported: -10.6% year-on-year) and contrasted market expectations of a 1.2% increase. Non-electronic exports rebounded from a 10.5% decline observed in August to a 4.2% expansion in September. On the other hand, electronic exports fell 16.4% in September (August: -11.0% yoy). A month-on-month comparison does not corroborate the contraction seen in the annual figures, as exports rebounded and rose a seasonally adjusted 1.6%, which contrasted the 9.1% decline seen in August.


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Singapore Trade Balance Chart

Singapore Trade September 2012

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