Chart of the day: Singapore Q1 trade forecast is ‘better-than-expected’

Total merchandise trade grew by 20.8% in the first quarter of 2022.

This chart from Enterprise Singapore (ESG) shows Singapore’s first quarter trade performance, which shows total merchandise trade falling to 20.8% compared to the previous quarter.

Non-oil trade rose by 16% whilst oil trade expanded by 48.2% amidst higher oil prices than a year ago.

The chart also shows that non-oil domestic exports (NODX) grew by 11.4% and non-oil re-exports (NORX) shot up by 17%. Total services trades increased by 6.8%, reaching $158b in the first quarter (Q1).

ESG adjusted its prediction for total merchandise trade, increasing from 8% to 10% and NODX from 3% to 5%, on account of better-than-expected Q1 2022 performance and higher expected 2022 oil prices to support oil trade and in turn total trade.

Follow the link for more news on

Enterprise Singapore

NODX

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia