NODX dropped 15.9% in May

Electronic exports contracted 31.4% YoY.

Non-oil domestic exports (NODX) dipped 15.9% YoY in May, extending the 10% decline reported in April as both electronic and non-electronic exports decreased, according to Enterprise Singapore (ESG).

On a MoM seasonally adjusted basis, NODX edged up 6.2% to $14.1b from $13.2b in April, following the previous month’s 0.7% contraction.

Electronic NODX fell 31.4% YoY, continuing April’s 16.3% decline. ICs, disk media products and parts of ICs slipped 39.8%, 42.4% and 54.2%, respectively, contributing the most to the dip in electronic NODX.

The NODX decline for non-electronic products widened to 10.8% from 8% in April. Civil engineering equipment parts (-92.4%), non-monetary gold (-72.4%) and petrochemicals (-14.7%) contributed the most to the dip in non-electronic NODX.

Meanwhile, non-oil retained imports of intermediate goods (NORI) decreased by $1.3b from $6.6b in April to $5.3b. ESG noted that total trade slipped 0.5% in May after the 7.6% rise in April, with total exports decreasing 3.4% following the 0.5% decline in the previous month.

Non-oil re-exports (NORX) edged up 5.1% in May, continuing the 7.7% expansion recorded in April, thanks to the growth in both electronic and non-electronic re-exports. Electronic NORX rose 5.4% YoY due to ICs (7.5%), telecommunications equipment (23.8%) and parts of PCs (12.4%). Non-electronic NORX inched up 4.7% YoY due to non-electronic engines & motors, piston engines and pharmaceuticals which climbed 69.8%, 247.9% and 58.4%, respectively.

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