NODX falls 6.4% YoY in Q2 as non-electronics decline

Non-electronic NODX declined 9.2% YoY.

Non-oil domestic exports (NODX) fell by 6.4% year-on-year in Q2 2024, a sharper decline compared to the 3.4% decrease in Q1 2024.

Enterprise Singapore (EnterpriseSG) attributed the contraction to the decline in non-electronics NODX.

In Q2, non-electronic NODX declined 9.2% YoY.

Pharmaceuticals, non-monetary gold & food preparations, which fell by 50.5%, 36.7% and 7.6%, respectively, contributed the most to the dip in non-electronic NODX.

On the other hand, electronic NODX improved, increasing by 3.8% YoY, driven by PCs, ICs, and other computer peripherals grew by 58.4%, 7.6% and 668.0%, respectively.

Q2 also saw a contraction in NODX to Singapore’s top markets, with the US (-20.9% YoY), the EU 27 (-28.3% YoY) and Taiwan (-12.8% YoY) being the major contributors to the decrease.

Unlike NODX, oil domestic exports and non-oil re-exports (NORX) expanded in Q2, climbing 19.0% YoY and 11.9% YoY, respectively.

Meanwhile, total trade expanded by 10.1% YoY in Q2.

Follow the link for more news on

Enterprise Singapore

non-oil domestic exports (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