Singapore's non-oil domestic exports (NODX) surged by 15.9 percent year-on-year in June of 2021, accelerating sharply from a downwardly revised 8.6 percent gain in the previous month, and beating market consensus of a 9.7 percent rise. It was the seventh straight month of increase in NODX and the steepest pace since March 2020, due to a faster rise in sales of both electronic and non-electronic products. Sales of non-electronic products rose more (13.2% vs 7.9% in May), of which petrochemicals (51.2%), specialised machinery (43.2%). Also, sales of electronic products increased faster (25.5% vs 11.0%), including PCs (130.2%), ICs (14.9%) and diodes & transistors (32.2%). Among trading partners, exports grew to South Korea (40.9%), Taiwan (41.4%), China (27.6%), Indonesia (28.8%), Thailand (41.5%), Hong Kong 47.7%) and the EU (36.7%). By contrast, sales dropped to the US (-10.5%), Japan (-22.6%) and Malaysia (-5.8%). 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 July 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.