Singapore Trade Surplus Hits The Biggest Since October 2013
Singaporean trade surplus increased to SGD 6.79 billion in August of 2014 from 3.92 billion a year earlier and from SGD 4.09 billion in the previous month, as imports fell much faster than exports. The surplus was the biggest since October last year.
In August of 2014, total exports declined 1.2 percent year-on-year to SGD 42.85 billion, following a 1.6 percent contraction in the previous month.
9/17/2014 11:37:11 AM
Singapore Trade Surplus Widens for Second Straight Month
Singaporean trade surplus increased to SGD 4.09 billion in July of 2014 from SGD 3.33 billion a year earlier. Imports fell at a faster pace than exports, as a decrease in electronics shipments outweighed a tepid rise in oil exports.
Published on 2014-08-18
Singapore Trade Surplus Widens in June
Singaporean trade surplus increased to SGD 5.89 billion in June of 2014 from SGD 4.57 billion a year earlier. Total exports rose 3.9 percent on the year boosted by oil sales, while non-oil exports contracted 4.6 percent, as a drop in electronics outweighed a rise in non-electronic.
Published on 2014-07-17
Non-oil domestic exports (NODX) rose 6 percent, in contrast to a 3.3 percent contraction in July, due to a rise in non-electronic NODX which outweighed the decline in electronic NODX. Electronic sales fell 6.9 percent, after a 7.9 percent drop in the preceding month, largely due to lower exports of PCs (-17.3 percent), ICs (-4.2 percent) and disc drives (-22.5 percent). Non-electronic sales expanded 12.2 percent in August, in contrast to a 1.1 percent decline in July, led by petrochemicals (+39.3 percent), pharmaceuticals (+26.9 percent) and structures of ships and boats (+1,337.8 percent). Oil exports also grew 2.7 percent in August, after a 0.1 percent increase in the preceding month. Non-oil re-exports (NORX) decreased 5.6 percent in August after a 1.7 percent contraction, due to a decrease in both electronic and non-electronic NORX.
NODX to top ten markets in August of 2014 rose on an annual basis except for Hong Kong, Japan and Thailand. The top three contributors in the month were South Korea (+41.2 percent from a 7.0 percent decrease in July), Taiwan (+21.1 percent from a 14.4 percent expansion) and China (+5.8 percent from 7.0 percent rise).
Deliveries to the European Union countries grew 7.0 percent, slowing from a 24.8 percent rise in July and those to the U.S. slowed to 5.1 percent from a 8.6 percent growth in the previous month.
Imports decreased 8.6 percent year-on-year to SGD 36.05 billion, following a 3.5 percent decline in July of 2014.