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.

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Singapore Non-oil Domestic Exports (NODX) YoY



Calendar GMT Actual Previous Consensus TEForecast
2022-10-17 12:30 AM Sep 3.1% 11.4% 7.1% 6%
2022-11-17 12:30 AM Oct -5.6% 3.1% -0.6%
2022-12-16 12:30 AM Nov -5.6%


Related Last Previous Unit Reference
Balance of Trade 4071.12 5783.21 Million SGD Oct 2022
Current Account 30378.20 27873.90 SGD Million Sep 2022
Current Account to GDP 18.10 16.80 percent of GDP Dec 2021
Exports 57331.90 61137.50 Million SGD Oct 2022
Imports 53260.78 55354.29 Million SGD Oct 2022
External Debt 2470312.70 2441891.50 SGD Million Jun 2022
Terms of Trade 100.95 101.05 points Oct 2022
Capital Flows 56948.90 101647.30 SGD Million Sep 2022
Foreign Direct Investment 33438.00 37083.90 SGD Million Jun 2022
Domestic Exports of Non Oil (nodx) (%yoy) -5.60 3.10 percent Oct 2022

Singapore Non-oil Domestic Exports (NODX) YoY
In Singapore, Non-oil Domestic Exports (NODX) can be divided in Electronic Products, such as ICs, Disk Media Products, PCs, Parts of PCs, and Diodes & Transistors; and Non-Electronic Products, particularly chemicals, such as petrochemicals and pharmaceuticals.
Actual Previous Highest Lowest Dates Unit Frequency
-5.60 3.10 70.00 -34.90 1977 - 2022 percent Monthly
Not Seasonally Adjusted

News Stream
Singapore NODX Falls More than Estimated
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.
2022-11-17
Singapore NODX Rise the Least in 13 Months
Singapore's non-oil domestic exports (NODX) grew by 3.1% year-on-year in September of 2022, below market consensus of a 7.1% rise, easing from a 11.4% gain in August. It was the softest pace in NODX since August lat year, due to slower rises in sales of non-electronic products (7.6% vs 16.9% in August), of which pharmaceuticals (22.4%), measuring instruments (34.2%), and non-monetary gold (22.2%). In addition, sales of electronic products dropped more (-10.6% vs -4.5%), including ICs (-12.0%), parts of ICs (-22.3%), and disk media products (-42.7%). Among trading partners, exports increased to the US (8.6%), Japan (3.6%), Malaysia (1.2%), Indonesia (25.6%), South Korea (0.1%), Taiwan (10.0%), and the EU (3.0%), while declined to China (-33.8%) and Hong Kong (-16.7%).
2022-10-17
Singapore NODX Rises More than Expected
Singapore's non-oil domestic exports (NODX) increased by 11.4% year-on-year in August of 2022, beating market consensus of an 8.3% rise, after a 7% gain in July. It was the strongest growth in NODX since May, due to faster rises in sales of non-electronic products (16.9% vs 6.1% in July), of which pharmaceuticals (68.8%), food preparations (44.5%). Meantime, sales of electronic products fell (-4.5% vs 10.3%), including ICs (-6.6%), parts of ICs (-23.5%), and disk media products (-21.3%). Among trading partners, exports grew to the US (60.0%), Japan (24.6.3%), Malaysia (6.9%), Indonesia (26.3%), South Korea (19.3%), and the EU (57.3%), while declined to China (-18.2%), Taiwan (-24.5%), and Hong Kong (-31.0%).
2022-09-16