Singapore's Non-oil Domestic Exports Rose in June from A Decline

Non-oil domestic exports rose 16.1 per cent in June from a year earlier, reversing a 4.6 per cent decline in May, according to Singapore's Enterprise Development Board. Non-oil domestic exports turned from negative to positive, mainly driven by non-electronic exports, including non-monetary gold, special machinery and pharmaceutical products. Exports of electronic products such as integrated circuits have also increased significantly.

Singapore's non-oil re-export trade rose 5.5 per cent in June, reversing a 16 per cent decline in May, with electronics growing and non-electronics falling further.

Singapore's total trade fell 6.6 per cent in June from a year earlier, but was down from 25 per cent in May, as both imports and exports fell. On a month-on-month basis, it rose 5.2 per cent in June, reversing a drop of 5.4 per cent in May. On a seasonally adjusted basis, non-oil domestic exports reached S $14.2bn in June, close to The May figure.

Daily Recommendation: Wellbore CleanOut Tools