S'pore exports disappointing

S'pore exports disappointing

SINGAPORE (Reuters): Singapore's non-oil domestic exports showed the first signs of exhaustion in November, rising a mere 8.1 percent against the same month a year ago, below analysts' expectations for double-digit year-end gains.

NODX rose to S$10.12 billion ($5.82 billion) in November. This compared with S$10.7 billion, or 16.3 percent in October and 11.7 percent growth in September, the Trade Development Board (TDB) said.

A survey of 10 financial institutions by Reuters last week had forecast an average 12.97 percent rise in November NODX.

Oil exports rose 43.2 percent due to strong world oil prices.

Singapore's total exports rose 22.4 percent to S$21.97 billion with imports up 21.2 percent to S$21.06 billion.

Integrated circuit exports sank to 4.7 percent growth year-on- year in November, down from 52.6 percent in October, and 44.5 percent in September.

Singapore's electronics exports fell 0.2 percent in November, the first decline since April, hauled lower also by declines in telecommunications equipment and personal computers.