Singapore’s non-oil domestic exports declined at a faster-than-expected pace in December, due to a contraction in both electronic and non-electronic NODX. data from the International Enterprise Singapore showed Monday.

NODX fell 7.2 percent year-over-year in December, exceeding economists’ expectations for a 4.4 percent decrease. In November, non-oil domestic exports had dropped 3.4 percent.

Exports of electronic products slid 0.3 percent annually in December, in contrast to a 0.6 percent climb in the preceding month. The expected rate of decline was 5.9 percent.

The fall in electronic domestic exports was largely due to ICs, parts of PCs and disk drives, the agency said.

Shipments of non-electronic products plunged 10.3 percent, faster than the 5.1 percent decrease in the previous month.

On a monthly basis, NODX dipped a seasonally adjusted 3.1 percent in December, following a 3.8 percent drop a month earlier.

The material has been provided by InstaForex Company – www.instaforex.com