Singapore's non-oil domestic exports (NODX) grew by 9% year-on-year in June of 2022, slowing from a downwardly revised 12.0% surge in May, which was the strongest pace in four months, and compared to market consensus of a 6.7% gain, due to lower increases in sales of both electronic and non-electronic products. Sales of electronic products increased much less (4.1% vs 12.9%), including ICs (26.0%), parts of ICs (86.1%), and disk media products (18.0). Meanwhile, sales of non-electronic products rose softer (10.6% vs 11.7% in May), with food preparations recording the biggest upward contributor (48.0%), followed by measuring instruments (30.9%) and petrochemicals (21.1%). Among trading partners, exports grew to Japan (18.6%), the US (21.5%), Taiwan (10.0%), Malaysia (43.0%), Indonesia (21.6%), and China (4.8%), while declined to South Korea (-8.1%), Hong Kong (-17.9%), Thailand (-41%), and the EU (-16.4%). source: Statistics Singapore
Domestic Exports of Non Oil (nodx) (%yoy) in Singapore averaged 9.77 percent from 1977 until 2021, 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 August of 2022.
Domestic Exports of Non Oil (nodx) (%yoy) in Singapore is expected to be 2.80 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 2022, according to our econometric models.