Exports drop 20.2% in July

Electronic and non-electronic domestic exports also dropped.

Non-oil domestic exports (NODX) fell 20.2% YoY in July 2023, higher than the 15.6% decline in the previous month, data from EnterpriseSingapore showed.

On an MoM basis, NODX also decreased by 3.4% in July 2023, after the previous month’s 5.2% growth.

Both electronic and non-electronic domestic exports decreased. On a seasonally-adjusted basis, the level of NODX reached $14.0b in July 2023. This was lower than the previous month's $14.5b and the levels a year ago (July 2022: $17.4b; 2022's average: $16.6b).

On a YoY basis, total trade shrunk by 20.8% in July 2023, extending the 19.3% decline in the preceding month.

On an MoM and SA basis, total trade increased by 1.0% in July 2023, following the 3.3% rise in June 2023.

On a YoY basis, electronic NODX shrunk by 26.1% in July 2023, extending the 16.0% decline in the previous month. ICs, PCs and disk media products contracted by 35.7%, 46.1% and 40.8% respectively, largely contributing to the decline in electronic NODX.

On a YoY basis, non-electronic NODX shrunk by 18.5% in July 2023, extending the 15.6% decline in the previous month.

Follow the link s for more news on

Enterprise Singapore

exports

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