Singapore's non-oil domestic exports (NODX) increased 7.7 percent year-on-year in August 2020, accelerating from a downwardly revised 5.9 percent rise in July and beating market consensus of 3.7 percent. Sales of non-electronics products rose at a faster 8.3 percent (vs 6.9 percent in July), of which non-monetary gold (55.1 percent), specialised machinery (25.7 percent) and food preparations (18.9 percent). Also, sales of electronics increased 5.7 percent (vs 2.8 percent in July), including ICs (7.1 percent), disk media products (11.8 percent) and PCs (15.2 percent). Among trading partners, exports were up to China (24.5 percent), Taiwan (18.5 percent), the US (14.1 percent), South Korea (12.0 percent), Japan (5.2 percent) and the EU (30.2 percent). Sales decreased to Indonesia (-21.9 percent), Hong Kong (-11.9 percent), Malaysia (-5.0 percent) and Thailand (-2.6 percent).
Domestic Exports of Non Oil (nodx) (%yoy) in Singapore averaged 9.80 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 September 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.