Stock Trading Counter: NODX rises 11% in May rebound

Singapore's non-oil domestic exports (NODX) rose 11.6% in May from a year ago after a 7.9% drop in April.

This was due to the expansion in non-electronic NODX which outweighed the decline in electronic NODX, according to the latest trade numbers released by trade promotion agency IE Singapore.

Electronic NODX slipped 6.0% in May compared to a year ago, down from the 7.4% fall in April. Non-electronic NODX grew 19.0% on year, reversing the 8.1% drop in April.

The largest contributors to the NODX increase were the US, Taiwan and Malaysia.

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