{"id":105047,"date":"2021-01-18T01:51:58","date_gmt":"2021-01-18T01:51:58","guid":{"rendered":"https:\/\/myfintale.com\/?p=105047"},"modified":"2021-01-18T01:51:58","modified_gmt":"2021-01-18T01:51:58","slug":"singapore-non-oil-exports-surge-6-8-in-december-to-snap-two-month-decline","status":"publish","type":"post","link":"https:\/\/myfintale.com\/economy\/singapore-non-oil-exports-surge-6-8-in-december-to-snap-two-month-decline\/","title":{"rendered":"Singapore non-oil exports surge 6.8% in December to snap two-month decline"},"content":{"rendered":"

SINGAPORE – Singapore’s non-oil domestic exports (Nodx) posted its first gain in three months in December, mainly helped by shipment of non-electronic goods such as specialised machinery, non-monetary gold and measuring instruments.<\/p>\n

Nodx surged last month by 6.8 per cent year on year after a revised 5 per cent drop in November and a 3.1 per cent decrease in October, Enterprise Singapore (ESG) said on Monday (Jan 18). Before October, Singapore saw four consecutive months of Nodx growth.<\/p>\n

Economists in a Bloomberg survey had forecast a 1.1 per cent year on year decline in December Nodx.<\/p>\n

On a month-on-month seasonally adjusted basis, Nodx rose by 6.6 per cent in December, extending the previous month’s 3.7 per cent increase – again higher than the 3.5 per cent rise forecast in the Bloomberg poll.<\/p>\n

Electronics grew\u00a013.7 per cent, but mainly due to a low year-ago base. ESG said electronic Nodx gains last month were mostly due to a 16 per cent surge in integrated circuits shipments which had contracted by 25 per cent in December 2019 amid the global electronics downcycle.<\/p>\n

Parts of personal computers, diodes and transistors expanded by 15.7 per cent, 33.8 per cent and 16.5 per cent respectively.<\/p>\n

Non-electronic Nodx rose by 5 per cent last month, after a 5.3 per cent decline in the previous month. The gains were led by specialised machinery (+30.9 per cent), non-monetary gold (+14.5 per cent) and measuring instruments (+21.4 per cent).<\/p>\n

The bulk of the specialised machinery shipments went to South Korea, in line with robust global semiconductor demand.\u00a0<\/p>\n

Meanwhile non-monetary gold exports were helped by the spike in the preious metal\u2019s international price that rose above US$1,900 per ounce last month amid reports of stimulus measures in the US. A new wave of lockdowns in the United Kingdom also provided support for the safe haven asset\u2019s demand.<\/p>\n

Nodx to the top markets as a whole grew in December. Still, exports to China, the EU 27, Indonesia and Japan declined. The largest contributors to the Nodx increase last month were the US (+52.5 per cent), South Korea (+46.2 per cent) and Taiwan (+14.8 per cent).<\/p>\n

Total trade declined 0.3 per cent in December from the same month of 2019, extending a 7.3 percent drop in November and a 7.7 per cent slide in October.<\/p>\n

Total exports grew by 2.6 per cent after the previous month\u2019s 5.4 per cent decline. Total imports decreased by 3.4 per cent following the 9.4 per cent drop in November.<\/p>\n

More on this topic<\/h2>\n

Join ST’s Telegram channel here and get the latest breaking news delivered to you.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

SINGAPORE – Singapore’s non-oil domestic exports (Nodx) posted its first gain in three months in December, mainly helped by shipment of non-electronic goods such as […]<\/a><\/p>\n<\/div>","protected":false},"author":3,"featured_media":105046,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"yoast_head":"\nSingapore non-oil exports surge 6.8% in December to snap two-month decline - my finance tale<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/myfintale.com\/economy\/singapore-non-oil-exports-surge-6-8-in-december-to-snap-two-month-decline\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Singapore non-oil exports surge 6.8% in December to snap two-month decline - my finance tale\" \/>\n<meta property=\"og:description\" content=\"SINGAPORE – Singapore’s non-oil domestic exports (Nodx) posted its first gain in three months in December, mainly helped by shipment of non-electronic goods such as [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/myfintale.com\/economy\/singapore-non-oil-exports-surge-6-8-in-december-to-snap-two-month-decline\/\" \/>\n<meta property=\"og:site_name\" content=\"my finance tale\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-18T01:51:58+00:00\" \/>\n<meta name=\"author\" content=\"Vogel\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/myfintale.com\/wp-content\/uploads\/2021\/01\/cnewsfotork_oil_180121.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Vogel\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/myfintale.com\/economy\/singapore-non-oil-exports-surge-6-8-in-december-to-snap-two-month-decline\/\",\"url\":\"https:\/\/myfintale.com\/economy\/singapore-non-oil-exports-surge-6-8-in-december-to-snap-two-month-decline\/\",\"name\":\"Singapore non-oil exports surge 6.8% in December to snap two-month decline - my finance tale\",\"isPartOf\":{\"@id\":\"https:\/\/myfintale.com\/#website\"},\"datePublished\":\"2021-01-18T01:51:58+00:00\",\"dateModified\":\"2021-01-18T01:51:58+00:00\",\"author\":{\"@id\":\"https:\/\/myfintale.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/myfintale.com\/economy\/singapore-non-oil-exports-surge-6-8-in-december-to-snap-two-month-decline\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/myfintale.com\/economy\/singapore-non-oil-exports-surge-6-8-in-december-to-snap-two-month-decline\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/myfintale.com\/economy\/singapore-non-oil-exports-surge-6-8-in-december-to-snap-two-month-decline\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/myfintale.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Economy\",\"item\":\"https:\/\/myfintale.com\/category\/economy\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Singapore non-oil exports surge 6.8% in December to snap two-month decline\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/myfintale.com\/#website\",\"url\":\"https:\/\/myfintale.com\/\",\"name\":\"my finance tale\",\"description\":\"myfintale.com\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/myfintale.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/myfintale.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"Vogel\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/myfintale.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b798c029797bb8d95901f24223a752e3?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b798c029797bb8d95901f24223a752e3?s=96&d=mm&r=g\",\"caption\":\"Vogel\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Singapore non-oil exports surge 6.8% in December to snap two-month decline - my finance tale","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/myfintale.com\/economy\/singapore-non-oil-exports-surge-6-8-in-december-to-snap-two-month-decline\/","og_locale":"en_US","og_type":"article","og_title":"Singapore non-oil exports surge 6.8% in December to snap two-month decline - my finance tale","og_description":"SINGAPORE – Singapore’s non-oil domestic exports (Nodx) posted its first gain in three months in December, mainly helped by shipment of non-electronic goods such as [...]","og_url":"https:\/\/myfintale.com\/economy\/singapore-non-oil-exports-surge-6-8-in-december-to-snap-two-month-decline\/","og_site_name":"my finance tale","article_published_time":"2021-01-18T01:51:58+00:00","author":"Vogel","twitter_card":"summary_large_image","twitter_image":"https:\/\/myfintale.com\/wp-content\/uploads\/2021\/01\/cnewsfotork_oil_180121.jpg","twitter_misc":{"Written by":"Vogel","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/myfintale.com\/economy\/singapore-non-oil-exports-surge-6-8-in-december-to-snap-two-month-decline\/","url":"https:\/\/myfintale.com\/economy\/singapore-non-oil-exports-surge-6-8-in-december-to-snap-two-month-decline\/","name":"Singapore non-oil exports surge 6.8% in December to snap two-month decline - my finance tale","isPartOf":{"@id":"https:\/\/myfintale.com\/#website"},"datePublished":"2021-01-18T01:51:58+00:00","dateModified":"2021-01-18T01:51:58+00:00","author":{"@id":"https:\/\/myfintale.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/myfintale.com\/economy\/singapore-non-oil-exports-surge-6-8-in-december-to-snap-two-month-decline\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/myfintale.com\/economy\/singapore-non-oil-exports-surge-6-8-in-december-to-snap-two-month-decline\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/myfintale.com\/economy\/singapore-non-oil-exports-surge-6-8-in-december-to-snap-two-month-decline\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/myfintale.com\/"},{"@type":"ListItem","position":2,"name":"Economy","item":"https:\/\/myfintale.com\/category\/economy\/"},{"@type":"ListItem","position":3,"name":"Singapore non-oil exports surge 6.8% in December to snap two-month decline"}]},{"@type":"WebSite","@id":"https:\/\/myfintale.com\/#website","url":"https:\/\/myfintale.com\/","name":"my finance tale","description":"myfintale.com","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/myfintale.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/myfintale.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"Vogel","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/myfintale.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b798c029797bb8d95901f24223a752e3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b798c029797bb8d95901f24223a752e3?s=96&d=mm&r=g","caption":"Vogel"}}]}},"_links":{"self":[{"href":"https:\/\/myfintale.com\/wp-json\/wp\/v2\/posts\/105047"}],"collection":[{"href":"https:\/\/myfintale.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/myfintale.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/myfintale.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/myfintale.com\/wp-json\/wp\/v2\/comments?post=105047"}],"version-history":[{"count":0,"href":"https:\/\/myfintale.com\/wp-json\/wp\/v2\/posts\/105047\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/myfintale.com\/wp-json\/wp\/v2\/media\/105046"}],"wp:attachment":[{"href":"https:\/\/myfintale.com\/wp-json\/wp\/v2\/media?parent=105047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/myfintale.com\/wp-json\/wp\/v2\/categories?post=105047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/myfintale.com\/wp-json\/wp\/v2\/tags?post=105047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}