NODX contraction eases to 9.3% YoY in April

In March, NODX fell 20.8%.

Non-oil domestic exports (NODX) contracted 9.3% YoY in April, easing from the 20.8% YoY decline in March.

Enterprise Singapore (EnterpriseSG) attributed the contraction to the decline in non-electronics NODX and a high base a year ago.

In April, non-electronic NODX declined 12.3% YoY.

Pharmaceuticals, non-electric engines & motors and food preparations, which fell by 773.3%, 64.0% and 12.9%, respectively, contributed the most to the dip in non-electronic NODX.

On the other hand, electronic NODX improved, increasing by 3.3% YoY, driven by PCs (73.3%), disk media products (39.6%) and other computer peripherals (782.6%).

April also saw a contraction in NODX to Singapore’s top markets, with the US (-40.6% YoY), the EU 27 (-55.1% YoY) and South Korea (-23.8% YoY) being the major contributors to the decrease.

Unlike NODX, oil domestic exports and non-oil re-exports (NORX) expanded in April, climbing 17.5% YoY and 25.4% YoY, respectively.

With an expansion in total exports (13.3% YoY) and total imports (18.3YoY), total trade improved by 15.7% YoY in April.

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non-oil domestic exports (NODX)

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