Chart of the Day: Check out Singapore's improving NODX

It registered a 9.4% growth in December.

Singapore's non-oil domestic exports continued the strong uptrend in December with a 9.4% growth, following the 11.5% growth in the previous month, latest data by International Enterprise said.

Meanwhile, total trade rose 9.9% in December, after the 8.7% increase in the previous month. Total exports grew by 9.5% while total imports expanded 10.2%.

Electronic products rose 5.7%, mainly driven by the expansion ICs, parts of PCs and consumer electronics at 29.9%, 4.9% and 8.8%, respectively. Non-electronic NODX also increased, registering a 11.3% growth. Specialised machinery, petrochemicals and primary chemicals grew by 63.6%, 28.5% and 58.2% respectively, contributing the most to the rise in non-electronic NODX.

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