Singapore's non-oil domestic exports (NODX) surged 6.8 percent year-on-year in December 2020, the most since August, after a revised 5 percent drop in November and easily beating market consensus of a 0.3 percent growth. It was the first yearly increase in NODX since September, due to a rebound in sales of electronics products (13.7% vs -4.0% in November), including ICs (15.7%), parts of PCs (33.8%) and diodes & transistors (16.5%). Also, non-electronics products surged (5.0% vs -5.3%), of which specialised machinery (30.9%), non-monetary gold (14.5%), and measuring instruments (21.4%). Among trading partners, exports were up to the US (52.5%), South Korea (46.2%), Hong Kong (18.7%), Thailand (18.2%), Taiwan (14.8%), and Malaysia (12.2%). Meantime, sales declined to China (-24.6%), Indonesia (-10.8%), the EU (-27.5%), and Japan (-6.0%). 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 January 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.