Singapore's non-oil domestic exports down 5.9% in March

The non-oil domestic exports (NODX) in Singapore dropped 5.9 percent in March this year over a year ago, due to a fall in both electronics and non-electronics exports.

According to the figures released by International Enterprise Singapore (IE Singapore) on Thursday, the electronics exports, which have been on the descent since February last year, continued to decline by 8.5 percent in March this year. Non-electronics exports reversed the preceding month's 13 percent healthy increase by falling 4.2 percent.

Singapore's NODX to Japan, South Korea and China's Hong Kong rose, but the sector's exports to the rest of the top 10 NODX markets decreased in March this year, and the largest contributors to the NODX contraction were the European Union (EU), the United States and Malaysia.

Singapore's NODX to China dropped by 6.2 percent in March this year, compared to the 4.1 percent growth in February this year.

Total exports rose by 4.4 percent in March this year, following the previous month's 18 percent growth. Total trade jumped by 11 percent in March this year, slower than the previous month 's 19 percent expansion.