SINGAPORE, Nov. 22 (Xinhua) -- The non-oil domestic exports (NODX) in Singapore grew 9.2 percent year-on-year in the third quarter of this year, in a sharp contrast to the 6.5 percent decrease in the previous quarter, the government agency Enterprise Singapore said Friday.
Singapore's domestic exports of electronic products rose 17 percent year-on-year from July to September, while domestic exports of non-electronic products grew 7 percent.
NODX to Singapore's top markets increased in the third quarter. Malaysia, China, and the United States were the largest contributors to the expansion.
Enterprise Singapore downgraded the NODX growth forecast to around 1 percent for 2024 due to volatile pharmaceuticals as well as ships and boats segments.
Singapore's total merchandise trade grew 5.5 percent year-on-year from July to September. Its services trade increased 13.9 percent to 235 billion Singapore dollars (175 billion U.S. dollars). ■
