Staff Reporter
Published:
Photo from Magnific
Non-electronics NODX grew 54.2% from 11.9% in August.
Non-oil domestic exports (NODX) jumped 68.4% year-on-year in September, extending August's 46.1% growth, according to Enterprise Singapore.
The expansion was driven by non-electronics, alongside continued demand for artificial intelligence (AI)-related electronics.
Non-electronics NODX expanded 54.2%, up from 11.9% in the previous month, led by structures of ships and boats, which contributed $3.7b to the increase.
Non-monetary gold and specialised machinery also contributed $1.1b and $1.0b, respectively.
Meanwhile, electronics exports rose 107.6%, moderating from 131.6% in August.
Growth was supported by disk media products (+312.4%), integrated circuits (+74.7%), and personal computers (+149.5%), contributing $1.7b, $1.5b, and $0.9b, respectively.
By market, exports to Hong Kong surged 112.1%, followed by Taiwan (+96.9%) and South Korea (+96.0%).
Exports to the US grew 73.2%, easing from 90.9%. However, shipments to India declined 5.6%, reversing the previous month's 23.6% growth.
NODX expanded 27.6% in the first nine months.
Separately, non-oil re-exports grew 47.8% in September, moderating from 53.2% in the previous month. Electronic re-exports climbed 64.2%, whilst non-electronic re-exports rose 22.1%.
Total merchandise trade expanded 50.8%, extending the 44.4% increase in August, as total exports and imports rose 51.5% and 49.9%, respectively.
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