Singapore's exports fall in June

Singapore's non-oil domestic exports, a key gauge of the free trade hub's export performance, fell 8.8 percent year on year in June, according to official statistics released on Wednesday. The fall is largely due to a contraction in both electronic and non-electronic non-oil domestic exports (NODX), trade promotion agency International Enterprise Singapore said. Eletronic NODX contracted by 12.4 percent year on year in June, after the 13.2 percent decline in May. The NODX in non-electronic products fell by 7.1 percent year on year in June, compared with the marginal increase of 0.2 percent in May. The Chinese mainland is only one in the top ten markets to see an increase in the non-oil domestic exports in June. Total trade contracted by 6.1 percent year on year in June after the 1.5 percent decrease in the previous month. Non-oil re-exports expanded by 2.5 percent year on year in June after the 18.3 percent increase in the preceding month.