- On a year-on-year (y-o-y) basis, NODX rose by 1.1 per cent in June 2011, following the 7.6 per cent increase in the previous month, due to non-electronic NODX.
- On a (y-o-y) basis, NODX to China (+12%), South Korea (+7.1%), the EU 27 (+1.3%), Thailand (+3.5%) and Taiwan (+0.1%) rose in June 2011.
- On a (y-o-y) basis, NORX contracted by 3.4 per cent in June 2011, in contrast to the 0.3 per cent increase in the previous month, due to electronic NORX.
1. On a y-o-y basis, NODX grew by 1.1 per cent in June 2011, following the 7.6 per cent increase in the previous month. On a 3-month moving average (3MMA) y-o-y basis, NODX expanded by 2.1 per cent in June 2011, following the 5.1 per cent increase in the previous month.
2. On a m-o-m SA basis, NODX decreased by 4.5 per cent in June 2011, compared to the previous month's 7.4 per cent expansion, due to both electronic and non-electronic NODX. On a SA basis, the level of NODX reached S$15 billion in June 2011, lower than the S$16 billion registered in the previous month.
3. On a SA basis, non-oil retained imports of intermediate goods (NORI) decreased by S$347 million from S$5,498 million in the previous month to reach S$5,151 million in June 2011.
(II) Commentaries
(a) Performance of Key Trade Components
4. On a y-o-y basis, total trade rose by 5.0 per cent in June 2011, following the 13 per
cent increase in the previous month. Total exports grew by 6.2 per cent in June 2011, following the 9.6 per cent expansion in the previous month. Total imports increased by 3.7 per cent in June 2011, following the 18 per cent rise in the preceding month.
5. On a m-o-m SA basis, total trade contracted by 3.7 per cent in June 2011, compared to the 3.6 per cent increase in the previous month. On a SA basis, the level of total trade reached S$81 billion in June 2011, lower than the previous month's achievement of S$84 billion. Total exports declined by 2.3 per cent in June 2011, compared to a 2.5 per cent increase in the previous month. Total imports contracted by 5.1 per cent in June 2011, compared to a 4.8 per cent expansion in the previous month.
6. On a y-o-y basis, NODX rose by 1.1 per cent in June 2011, following the 7.6 per cent growth in the previous month, due to a rise in non-electronic domestic exports.
7. Electronic products. On a y-o-y basis, electronic NODX contracted by 17 per cent in June 2011, after the 15 per cent decline in the previous month. The decrease in electronic domestic exports was largely due to parts of ICs (-51%), disk drives (-51%) and parts of PCs (-16%).
8. Non-electronic products. On a y-o-y basis, non-electronic NODX expanded by 12 per cent in June 2011, following the 23 per cent increase in the previous month. The rise in non-electronic NODX was led by ships & boats (+1,137%), specialised machinery (+53%) and measuring instruments (+26%).
9. On a y-o-y basis, oil domestic exports expanded by 37 per cent in June 2011, after the
preceding month's 26 per cent increase. The y-o-y growth of oil domestic exports was mainly due to sales to Malaysia (+91 per cent), Hong Kong (+110 per cent) and China (+60 per cent). In volume terms, oil domestic exports increased by 1.7 per cent in June 2011, compared to the 1.5 per cent contraction in the previous month. On a m-o-m SA basis, oil domestic exports declined by 0.4 per cent in June 2011, following a contraction of 4.2 per cent in the previous month.
10. On a y-o-y basis, NORX declined by 3.4 per cent in June 2011, compared to the 0.3 per cent expansion in the previous month, due to a decrease in electronic NORX. On a 3MMA y-o-y basis, NORX declined by 1.8 per cent in June 2011, in contrast to a 0.3 per cent expansion in the preceding month.
11. On a m-o-m SA basis, NORX decreased by 3.0 per cent in June 2011, in contrast to the 4.4 per cent growth in the previous month, due to electronic NORX. On a SA basis, the level of NORX reached S$16 billion in June 2011, down from the S$17 billion registered in the preceding month.
12. On a y-o-y basis, electronic NORX decreased by 11 per cent in June 2011, following the 5.0 per cent decline in the previous month. The contraction in electronic NORX was due to ICs (-9.3 per cent), parts of ICs (-57 per cent) and diodes & transistors (-26 per cent).
13. On a y-o-y basis, non-electronic NORX increased by 5.7 per cent in June 2011, after the 6.6 per cent rise in the previous month. The expansion in non-electronic NORX was due to electrical circuit apparatus (+55 per cent), primary chemicals (+56 per cent) and aircraft parts (+19 per cent).
14. NORX to all of the top 10 NORX markets, except Indonesia, Thailand and Hong Kong, decreased in June 2011. The top three contributors to the NORX contraction in June 2011 were Malaysia (-19 per cent), China (-9.8 per cent) and the EU 27 (-13 per cent).
(b) Non-Oil Domestic Export Markets
Overview 3
15. On a y-o-y basis, NODX to China (+12%), South Korea (+7.1%), the EU 27 (+1.3%), Thailand (+3.5%) and Taiwan (+0.1%) rose in June 2011.
16 NODX to China rose by 12 per cent in June 2011, following the previous month's expansion of 6.8 per cent, led by disk media products (+63 per cent), petrochemicals (+22 per cent) and specialised machinery (+51 per cent). NODX to South Korea increased by 7.1 per cent in June 2011, after the 9.2 per cent expansion in the preceding month, due to specialised machinery (+120 per cent), parts for tractors & motor vehicles (+50 per cent) and measuring instruments (+79 per cent). NODX to the EU 27 grew by 1.3 per cent in June 2011, following the 12 per cent rise in the preceding month, due to pharmaceuticals (+11 per cent), diodes & transistors (+70 per cent) and specialised machinery (+248 per cent).
17 Emerging markets 4 - NODX to emerging markets increased by 26 per cent in June 2011, following the 21 per cent expansion in the previous month. The increase in NODX to the emerging markets was due mainly to Latin America.
1 Definitions for certain product categories have been revised for reports containing data from July 2010 onwards. The revised definitions follow international guidelines.
2 NORI is a coincident indicator for NODX.
3 All growth rates quoted in the following analysis refer to year-on-year growth rates unless otherwise stated.
4 Consisting of the Caribbean, Central Asia, CLMV, Eastern & Southern Europe (nonEU), Latin America, the Middle East, South Asia and South Africa; the list of emerging markets has been updated
Remark: Source of Information - IE Singapore
Source : http://www.depthai.go.th