Singapore's non-oil domestic exports (NODX) surged by 12.1 percent year-on-year in March of 2021, accelerating from a 4.2 percent rise in the previous month and far above market consensus of a 1 percent gain. It was the fourth yearly increase in NODX, due to a faster rise in sales of non-electronic products (9.4% vs 3.2% in February), of which petrochemicals (51.4%), specialised machinery (35.1%), pharmaceuticals (25.5 percent). Also, sales of electronic products increased much more (24.4% vs 7.3%), partly reflecting a low base a year ago, including PCs (66.1%), ICs (19.2%) and diodes & transistors (44.4%). Among trading partners, exports jumped to South Korea (17.3%), Taiwan (24.0%), China (46.4%), Malaysia (47.0%), Indonesia (25.4%) and the EU (31.6%). By contrast, sales dropped to the US (-19.8%), Japan (-28.7%), Thailand (-50.7%), and Hong Kong (-13.1%). 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 April 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.