Singapore's non-oil domestic exports (NODX) surged 3 percent year-on-year in February 2020, reversing from a 3.3 percent fall in January and defying market consensus of 7.8 percent drop. Sales of non-electronics products recovered (3.2% vs -0.1% in January), of which specialised machinery (74.1%); pharmaceuticals (23.7%), and non-electric engines & motors (37.3%). Meantime, sales of electronics rebounded sharply (2.5% vs -13%), including disk media products (57.4%), parts of ICs (130.9%), and capacitors (128.8 percent). Among trading partners, exports rose to the EU (43.0%); the US (23.5%); Japan (61.7%), South Korea (67.3%); Taiwan (11.1%); Malaysia (6.1%), Indonesia (5.4%), and Thailand (4.0%) while declined to Hong Kong (-29.2%); China (-35.8%).
Domestic Exports of Non Oil (nodx) (%yoy) in Singapore averaged 9.83 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 2020.
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 2021, according to our econometric models.