January 17, 2013 / 1:00 AM / in 5 years

Singapore Dec non-oil domestic exports fall 16.3 pct from year earlier

SINGAPORE, Jan 17 (Reuters) - International Enterprise
Singapore (IE Singapore), the country's trade agency, released
December trade data on Thursday.
    Following are the changes in Singapore's non-oil domestic
export (NODX):
    
   month     mth/mth change    year/year
                (seasonally    change %
             adjusted) %     
    Dec           +1.8           -16.3
    Nov*          -0.4           -2.6
    Oct*          -1.2           +7.9
 * revised
    
    For detailed exports data, see IE Singapore's website at www.iesingapore.com
 

    CONTEXT:
    - IE Singapore said non-oil domestic exports to all top 10
markets contracted in December from a year earlier.
    - Economists polled by Reuters had expected non-oil domestic
exports to fall 7.5 percent year-on-year but rise 6.2 percent
month-on-month after seasonal adjustments.
    - The drop in exports was partly due to a high year-ago base
when exports were boosted by a surge in rig deliveries.
    - Electronics exports fell 19.1 percent year-on-year in
December and pharmaceutical shipments contracted 11.5 percent,
IE Singapore said.
    - Non-oil domestic exports totalled S$13.19 billion ($10.78
billion) in December, down from S$14.22 billion in November.
    - Singapore's monthly exports tend to be unpredictable
because a significant portion involves inputs for
pharmaceuticals and oil rigs, which can vary sharply from month
to month.
($1 = 1.2238 Singapore dollars)

 (Reporting by Kevin Lim; Editing by John O'Callaghan)

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