Both electronic and non-electronic domestic exports nearly crashed.
International Enterprise Singapore reported:
On a y-o-y basis, NODX decreased by 16.3 per cent in December 2012, following the 2.6 per cent contraction in the previous month, due to a decline in both electronic and non-electronic domestic exports.
On a y-o-y basis, electronic NODX contracted by 19.1 per cent in December 2012, after the 16.5 per cent decline in the previous month. The decrease in electronic domestic exports was largely due to ICs (-23.4 per cent), parts of PCs (-32.9 per cent) and disk media products (-27.3 per cent).
On a y-o-y basis, non-electronic NODX contracted by 14.8 per cent in December 2012, compared to the 6.1 per cent increase in the previous month. The decrease in non-electronic NODX was led by structures of ships & boats (-97.7 per cent), pharmaceuticals (-11.5 per cent) and specialised machinery (-24.4 per cent).
More From Singapore Business Review