SINGAPORE, July 17 (Xinhua) -- Enterprise Singapore, a government agency that champions enterprise development, announced on Tuesday Singapore's non-oil domestic exports (NODX) grew 1.1 percent year on year in June.
Singapore saw the NODX decline by a revised 3.1 percent year on year in March, but rebound by 11.8 percent in April and rose by 15.5 percent in May.
The agency attributes the NODX growth in June to the growth in non-electronic exports which outweighed the decrease in electronics.
On a month-on-month seasonally adjusted basis, Singapore's NODX decreased 10.8 percent in June to 15.1 billion Singapore dollars (about 11.09 billion US dollars), following the previous month's 10.3 percent growth, due to the decline in both non-electronic and electronic NODX.
According to the agency, Singapore's electronic NODX declined 7.9 percent year on year in June, following the 7.8 percent decrease in May. Non-electronic NODX increased 4.6 percent year on year, after the 26.2 percent increase in the previous month.
Meanwhile, Singapore's non-oil re-exports (NORX) grew 5.1 percent in June, after the four percent growth in May, due to the growth in non-electronic NORX which outweighed the decline in electronics.
Singapore's oil domestic exports grew by 35.3 percent year on year in June, following the 17.8 percent expansion in the preceding month.
Higher sales to Indonesia, Malaysia and Australia contributed the most to the year-on-year increase. Singapore's oil domestic exports to the three markets increased 104.5 percent, 61.1 percent and 75.3 percent year on year, respectively.
In volume terms, oil domestic exports decreased by 4.1 percent in June, compared to the recalculated 11 percent decline in May.
The total trade of Singapore increased 10.3 percent year on year in June. Total exports grew 8.1 percent year on year in the month, and total imports rose by 12.8 percent year on year.