Singapore's non-oil domestic exports (NODX) rose by 4.2 percent year-on-year in February of 2021, slowing from a downwardly revised 12.7 percent jump in the previous month and below market consensus of a 6.6 percent gain. It was the third yearly increase in NODX, but the weakest growth in the current sequence, due to a softer rise in sales of non-electronic products (3.3% vs 12.5% in January), of which non-monetary gold (167.5%), specialised machinery (35.6%), and petrochemicals (19.3%). Also, sales of electronic products increased much less (7.4% vs 13.5%), including PCs (98.3%), telecommunications equipment (78.6%) and diodes & transistors (39.1%). Among trading partners, exports were up to South Korea (29.6%), Hong Kong (10.7%), Taiwan (17.2%), China (7.9%), Malaysia (-7.8%). By contrast, sales dropped to the US (-5.3%), Japan (-18.0%), Thailand (-9.2%), Indonesia (-0.5%) and the EU (-34.7%). source: Statistics Singapore
Domestic Exports of Non Oil (nodx) (%yoy) in Singapore averaged 9.73 percent from 1977 until 2020, reaching an all time high of 70 percent in February of 1980 and a record low of -34.90 percent in January of 2009. This page includes a chart with historical data for Singapore Domestic Exports of Non Oil (nodx) (%yoy). Singapore Non-oil Domestic Exports (NODX) YoY - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Domestic Exports of Non Oil (nodx) (%yoy) in Singapore is expected to be 7.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Domestic Exports of Non Oil (nodx) (%yoy) in Singapore to stand at 7.80 in 12 months time. In the long-term, the Singapore Non-oil Domestic Exports (NODX) YoY is projected to trend around 7.79 percent in 2022, according to our econometric models.