Singapore's non-oil domestic exports (NODX) declined by 5.6% yoy in October 2022, worse than market forecasts of a 0.6% fall and shifting from a 3.1% growth in the prior month. This was the first drop since November 2020, amid falls in sales of both electronics and non-electronics. Shipments of electronic products shrank 9.3% yoy, after a 10.6% fall in September, dragged down by ICs (-11.1%), disk media products(-45.7%), and parts of PCs (-31.6%). Also, exports of non-electronic products contracted 4.5%, following a 7.6% gain previously, due to pharmaceuticals (-34.7%), non-monetary gold (-45.5%), and petrochemicals (-18.4%). Sales were down to China (-32.2%), the EU 27 (-19.5%), and Malaysia (-16.1%); while rose to the US (16.1%), Taiwan (21.6%), Japan (20.1%) and South Korea. 7.7%). On a seasonally adjusted basis, NODX dropped by 3.7% in October, after a 3.9% contraction in September. source: Statistics Singapore
Domestic Exports of Non Oil (nodx) (%yoy) in Singapore averaged 9.75 percent from 1977 until 2022, reaching an all time high of 70.00 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 November of 2022.
Domestic Exports of Non Oil (nodx) (%yoy) in Singapore is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Non-oil Domestic Exports (NODX) YoY is projected to trend around 7.79 percent in 2023, according to our econometric models.