SINGAPORE (Mar 17): Singapore’s non-oil domestic exports (NODX) declined by 9.7% in February compared to the same month a year ago, after the 4.3% increase in January, says IE Singapore, the city-state’s trade promotion board this morning.

February's fall was due to the contraction in both electronic and non-electronic NODX.

On a seasonally-adjusted basis, the level of NODX reached $12.9 billion in February, lower than the $14.2 billion registered in January.

The decrease in electronic domestic exports was largely due to parts of ICs, parts of PCs and ICs. The decline in non-electronic exports was led by petrochemicals, pharmaceuticals and primary chemicals.

Trade to all of the top 10 NODX markets, except South Korea, the US, Thailand and Malaysia, decreased in February.

The top three contributors to the NODX contraction in February were China, Japan and Taiwan.

Oil domestic exports decreased by 46.7% in February, following the preceding month’s 33.3% contraction.

Non-oil re-exports or NORX grew by 0.9% in February, following the 12.7% increase in the previous month, due to an expansion in electronic NORX which outweighed the decrease in non-electronic NORX.