Chart of the Day: Electronic NODX up 5.2% in March

It grew for the fifth consecutive month.

Singapore's non-oil domestic exports (NODX)'s recent growth was partly due to the robust electronics sector, which in March saw a 5.2% improvement in exports.

According to IE Singapore, this followed the 17.2% rise in the previous month. This month's growth is the fifth consecutive month of improvement for electronic NODX.

Integrated circuits, parts of PCs, and consumer electronics grew by 7.8%, 33.9% and 29.9% respectively, and they contributed the most to the growth in electronic domestic exports.

Meanwhile, non-electronic NODX also registered an expansion in the said month. Exports from the segment jumped 20.8%, following the 22.7% increase in the previous month.

Petrochemicals, specialised machinery and structural parts made of iron, steel & aluminium increased by 42.8%, 70.1% and 4,697.5% respectively, contributing the most to the rise in non-electronic NODX.

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