Singapore's non-oil domestic exports (NODX) jumped 12.8 percent year-on-year in January of 2021, the most since June last year, following a 6.8 percent rise in December 2020 and easily beating market consensus of a 5.4 percent growth. It was the second yearly increase in NODX, due to a faster rise in sales of non-electronic products (12.5% vs 5.0% in December), of which non-monetary gold (70.9%), specialised machinery (53.2%), and petrochemicals (10.1%). Also, sales of electronic products continued to increase (13.5% vs 13.7%), including telecommunications equipment (65.1%), diodes & transistors (27.4%), and ICs (13.9%). Among trading partners, exports were up to Thailand (51.5%), South Korea (49.7%), Hong Kong (42.7%), Taiwan (24.7%), China (7.9%), Malaysia (7.5%) and Indonesia (5.6%). By contrast, sales dropped to the US (-8.3%), Japan (-16.9%) and the EU (-20.2%). 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 March 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.