Singapore's non-oil domestic exports (NODX) grew by 2.7 percent year-on-year in August of 2021, sharply slowing from a 12.7 percent surge in the previous month, and far below market consensus of a 8.3 percent rise. It was the ninth straight month of increase in NODX, but the weakest pace in sequence, due to a fall in sales of non-electronic products (-1.4% vs 12.0% in July), of which pharmaceuticals (-12.4%), food and preparations (-27.1%) and non-monetary gold (-66.4%). Meanwhile, sales of electronic products continued to increase (16.7% vs 15.0%), including ICs (20.2%), parts of ICs (116.6) and diodes & transistors (35.5%). Among trading partners, exports advanced to Japan (13.9%), the US (7.6%),South Korea (18.7%), Taiwan (50.6%), Indonesia (17.2%), Thailand (24.2%), Malaysia (17.9%), Hong Kong (22.8%), while plunged to China (-17.5%), and the EU (-20.0%). 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 September of 2021.
Domestic Exports of Non Oil (nodx) (%yoy) in Singapore is expected to be 5.80 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 2022, according to our econometric models.