Jul.19--SINGAPORE's year-on-year non-oil domestic exports (NODX) saw an increase of 6.8 per cent in June, following the 3.2 per cent growth in May due to both electronic and non-electronic NODX, said International Enterprise Singapore, formerly the Singapore Trade Development Board.

Its NODX to all of the top 10 NODX markets rose in June, except to China, down 3.2 per cent, Thailand, down 4.7 per cent, and the US, down two per cent. The top three markets in June were Hong Kong with a 41 per cent growth, the EU 27 with 17 per cent rise and Indonesia with 20 per cent increase.

On a three-month moving average on year-on-year basis, NODX expanded 3.9 per cent in June, compared to the zero growth in the previous month.

On a month-to-month seasonally adjusted basis, NODX expanded 6.7 per cent in June, compared to the two per cent decline in May, due to an increase in non-electronic NODX which outweighed the decline in electronic NODX. On a seasonally adjusted basis, the level of NODX reached S$16 billion (US$12.68 billion) in June 2012.

Additionally, its non-oil re-exports (NORX) grew 2.5 per cent in June, after the 3.2 per cent increase in May, due to the rise in non-electronic NORX which outweighed the decline in electronic NORX.

Also, Singapore's non-oil retained imports of intermediate goods rose S$1,068 million to S$7,180 million in June from S$6,112 million in May.

(Source:shippingazette)