NODX down 16.3% on-year in Dec 2012

Singapore's non-oil domestic exports or NODX fell more than expected last month. 

Exports contracted 16.3 percent in December, from a year ago, due to a decrease in both electronics and non-electronics shipments. 

But on a month-on-month basis, it rose nearly 2 percent. 

Electronics exports slumped over 19 percent on-year due to a sharp fall of integrated circuits, parts of PCs and disk media products. 

Non-electronics shipments also put in a poor performance. 

Exports in this segment dropped nearly 15 percent, led by structures of ships & boats, pharmaceuticals and specialised machinery. 

The top destination contributing to nodx's decline was the US.