Singapore's non-oil domestic exports (NODX) plunged by 20.6% yoy in December 2022, worse than market forecasts of a 16.8% drop, after an upwardly revised 14.7% fall in the prior month. This was the third straight month of decline in non-oil domestic exports, and the steepest pace since February 2009, due to faster falls in sales of non-electronics. Shipments of non-electronic products slumped 21.3%, following a 12.8% fall previously, due to non-monetary gold (-63.3%), specialised machinery (-16.6%), and primary chemicals (-55.6%). Meanwhile, exports of electronic products shrank 17.9% yoy, after a 20.2% slump in November, dragged down by ICs (-26.0%), disk media products(-36.5%), and parts of PCs (-41.7%). Sales were down to China (-31.8%), Malaysia (-15.7%), Taiwan (-17.0%), US (-1.9%), and the EU 27 (-3.7%) while increased to Japan (6.8%), South Korea (14.3%). On a seasonally adjusted basis, NODX unexpectedly dropped by 3.3% in December, missing market consensus of a 1% growth. source: Statistics Singapore

Domestic Exports of Non Oil (nodx) (%yoy) in Singapore averaged 9.65 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 February of 2023.

Domestic Exports of Non Oil (nodx) (%yoy) in Singapore is expected to be -5.60 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 7.50 percent in 2024 and 4.90 percent in 2025, according to our econometric models.

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Singapore Non-oil Domestic Exports (NODX) YoY



Calendar GMT Actual Previous Consensus TEForecast
2022-12-16 12:30 AM Nov -14.6% -6.1% -7.4%
2023-01-17 12:30 AM Dec -20.6% -14.7% -16.8% -16%
2023-02-17 12:30 AM Jan -20.6%


Related Last Previous Unit Reference
Balance of Trade 5367.68 3344.53 Million SGD Dec 2022
Current Account 30378.20 27873.90 SGD Million Sep 2022
Current Account to GDP 18.10 16.80 percent of GDP Dec 2021
Imports 47984.33 49455.19 Million SGD Dec 2022
Exports 53352.01 52799.72 Million SGD Dec 2022
External Debt 2514021.60 2470312.70 SGD Million Sep 2022
Terms of Trade 101.11 100.97 points Dec 2022
Capital Flows 56948.90 101647.30 SGD Million Sep 2022
Foreign Direct Investment 35297.00 33233.90 SGD Million Sep 2022
Domestic Exports of Non Oil (nodx) (%yoy) -20.70 -14.70 percent Dec 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
-20.70 -14.70 70.00 -34.90 1977 - 2022 percent Monthly
Not Seasonally Adjusted

News Stream
Singapore NODX Fall the Most Since 2009
Singapore's non-oil domestic exports (NODX) plunged by 20.6% yoy in December 2022, worse than market forecasts of a 16.8% drop, after an upwardly revised 14.7% fall in the prior month. This was the third straight month of decline in non-oil domestic exports, and the steepest pace since February 2009, due to faster falls in sales of non-electronics. Shipments of non-electronic products slumped 21.3%, following a 12.8% fall previously, due to non-monetary gold (-63.3%), specialised machinery (-16.6%), and primary chemicals (-55.6%). Meanwhile, exports of electronic products shrank 17.9% yoy, after a 20.2% slump in November, dragged down by ICs (-26.0%), disk media products(-36.5%), and parts of PCs (-41.7%). Sales were down to China (-31.8%), Malaysia (-15.7%), Taiwan (-17.0%), US (-1.9%), and the EU 27 (-3.7%) while increased to Japan (6.8%), South Korea (14.3%). On a seasonally adjusted basis, NODX unexpectedly dropped by 3.3% in December, missing market consensus of a 1% growth.
2023-01-17
Singapore NODX Falls the Most in Near 3-1/2 Years
Singapore's non-oil domestic exports (NODX) slumped by 14.6% yoy in November 2022, worse than market forecasts of a 7.4% drop, after an upwardly revised 6.1% decline in the prior month. This was the second straight month of decrease in non-oil domestic exports, and the steepest pace since June 2019, amid a faster fall in sales of both electronics and non-electronics. Shipments of electronic products plunged 20.2% yoy, after a 9.3% decline in October, dragged down by ICs (-23.8%), disk media products(-59.8%), and parts of PCs (-27.5%). Also, exports of non-electronic products shrank 12.8%, following a 5.1% drop previously, due to pharmaceuticals (-25.5%), non-monetary gold (-56.3%), and primary chemicals (-54.1%). Sales were down to China (-31.2%), South Korea (-5.4%), Malaysia (-12.9%), Taiwan (-3.7%); while climbed to the US (0.5%), Japan (6.6%), and the EU 27 (7.3%). On a seasonally adjusted basis, NODX fell by 9.2% in November, after an upwardly revised 4.2% drop in October.
2022-12-16
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