The non-oil domestic exports ( NODX) of Singapore declined by 4.8 percent year on year in March, much eased from the plunge of 30.6 percent in February, the trade promotion agency International Enterprise (IE) Singapore said on Wednesday.

The NODX is a key gauge of the export performance of Singapore, which is a free trade hub and one of the top petrochemical centers in the world.

According to the statistics released by IE Singapore, NODX increased by 8.0 percent in March on a month-on-month seasonally adjusted basis, compared to the previous month's 2.5 percent decline, due to an expansion in non-electronic NODX which outweighed the contraction in electronic NODX.

In particular, electronic NODX decreased by 17.9 percent on year in March, following the huge decline of 27.4 percent in February. Meanwhile, the non-electronic NODX expanded by 2.3 percent on year in March, much eased from the 32.1 decline in the previous month.

On a seasonally adjusted basis, the level of NODX reached 14.3 billion Singapore dollars (11.6 billion U.S. dollars) in March, higher than the 13.2 billion Singapore dollars (10.7 billion U.S. dollars) registered in the previous month.

NODX to all of the top 10 NODX markets, except Japan and China, decreased on year in March. The top three contributors to the NODX contraction in March were the European Union, Malaysia and the U.S. , IE Singapore added. Endi

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