On a year-on-year basis, electronic NODX contracted by 5.
On a month-on-month seasonally adjusted basis, NODX fell 1.
On a year-on-year basis, NODX to all of the top 10 NODX markets, except the EU 27, the US, Thailand, Hong Kong and South Korea, rose in January 2013.
performance (in July) was contributed largely by the increase in domestic export of non-electronics as well as the less severe decline in that of electronics,'' the report said.
Exports to Singapore's biggest market for NODX, the United States, fell 3.
However, the agency noted that on a three-month moving average basis, NODX to the U.
The precipitous drop in NODX
in July was mainly due to the slump in demand for electronic products such as integrated circuits, disk drives, personal computers and telecommunications equipment.
The Trade Development Board (TDB), which released the monthly trade data, said the NODX tumbled 16.
The last time the monthly NODX contracted so sharply was May 1985 when it fell 17.
The NODX is a closely watched as one of the key indicators of the health of the export-dependent economy.
1% fall in NODX
is a sharp slowdown from positive growth of 5.