19 Mar 2012
Singapore's External Trade - February 2012
MR No.: 008/12
Singapore, Friday, 16 March 2012
Highlights
On a year-on-year (y-o-y) basis, non-oil domestic exports (NODX) rose by 30 per cent in February 2012, in contrast to the 2.4 per cent decrease in the previous month, due to an expansion in both electronic and non-electronic NODX.
On a y-o-y basis, NODX to all of the top 10 NODX markets increased in February 2012. The top three contributors to the NODX rise in February 2012 were the US (+48 per cent), Hong Kong (+57 per cent) and Thailand (+73 per cent).
On a y-o-y basis, non-oil re-exports (NORX) expanded by 18 per cent in February 2012, in contrast to the 8.5 per cent contraction in the previous month, due to an increase in both electronic and non-electronic NORX.
* In tandem with the use of a new set of tariff codes for the classification of all goods traded within and outside ASEAN from January 2012 onwards i.e. ASEAN Harmonised Tariff Nomenclature (AHTN) 2012, IE Singapore has also reviewed and revised Singapore's International Trade Classification (SITC) from revision 4 to revision 4.1 so that the mappings from AHTN 2012 codes to SITC codes are current. The revised SITC codes follow closely to the United Nations Statistical Commission's Standard International Trade Classification, Revision 4 manual. The electronics definition has also been revised to include disk media products which are previously classified under non-electronics.
Overall Trend ..... [more]
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Source: IE Singapore