S\\\'pore NODX drop again in January

SINGAPORE, Feb 17 (Xinhua): Singapore's non-oil domestic exports (NODX), a key gauge of the export performance of the small and highly open economy, dropped 3.3 per cent on year in January, trade promotion agency International Enterprise Singapore said on Monday.
The decrease reversed the rise of 6 per cent during in the previous month, due to a decline in electronic NODX which outweighed the rise in non-electronic NODX.
On a yearly basis, the electronic NODX contracted by 17.0 per cent in January, accelerating the decline of 3.1 per cent last December. On the other hand, the non-electronic NODX expanded by 3. 5 per cent during the same period, following the 10.6 per cent increase in the previous month.
The NODX to markets such as the Chinese mainland, the European Union, the US and Indonesia saw gains, but falls were recorded for other top ten export markets.
Exports to the Chinese mainland grew double-digit 15.3 per cent, and exports to the European Union, the US and Indonesia rose respectively by 9.5 per cent, 5.3 per cent and 5.0 per cent on year. The top three contributors to the NODX contraction in January were China's Hong Kong, China's Taiwan and South Korea.