Singapore’s November exports rise 11.6%, stronger than expected

Electronic NODX grew by 13.1 per cent in November, extending the 33.1 per cent rise in the previous month.

Integrated circuits, PCs and printed circuit boards contributed the most to electronic NODX, expanding 22.9 per cent, 48 per cent and 26.8 per cent respectively.

Meanwhile, non-electronic NODX expanded by 11.1 per cent in November, following an 18.1 per cent expansion in October.

Pharmaceuticals, pumps, as well as non-electric engines and motors, contributed the most to the growth in non-electronic NODX, rising by 369.8 per cent, 361.2 per cent and 123.2 per cent respectively.

On a year-on-year basis, total trade expanded by 8.8 per cent in November, moderating from the 23.1 per cent in the preceding month.

Among key markets, exports to the US, European Union and Taiwan rose strongly, while shipments to Indonesia, Hong Kong, Japan and Thailand were markedly lower than a year earlier, Enterprise SG said.