non-oil domestic exports (NODX)
NODX records worse contraction in almost a decade
This is the eighth straight month of contraction.
Singapore’s total merchandise trade down 7.8% in Q1
EnterpriseSingapore foresees that exports will decline 10% to 8%.
NODX decline likely to continue for a few more months
Experts predict that NODX will contract by -5.5% to -9% in 2023.
Non-oil domestic exports drop 9.8% YoY in April
A 20.9% drop in exports to China drove the overall decline.
SG likely to see ‘worst export performance’ since 2019
Experts expect full-year NODX to drop by 4% to 7% in 2023.
Non-oil domestic exports fall 15.6% YoY in February
Decreases in both electronics and non-electronics exports drove the decline in NODX.
Weak demand from major export destinations hits NODX momentum: UOB
Non-oil domestic exports (NODX) declined 25% in January 2023.
Worse may be over for exports: RHB
Exports slightly improved in January but it will decline in the first half of 2023.
Exports decline 25% in January
Electronics and non-electronics decreased.
Non-oil domestic exports unlikely to grow in 2023: forecast
Enterprise Singapore’s NODX growth projection is -2.0% to 0.0%.
Non-oil domestic exports decline 5.6% YoY in October
Decreases in both electronics and non-electronics exports drove the decrease in NODX.
Exports momentum may be slow in Q4: analysts
This may be dragged by the softening demand in East Asia.
Exports growth slows to 3.1% in September
This is down from the 11.4% growth in August 2022.
What will drag NODX momentum in the second half of 2022?
In H2, RHB expects NODX to grow only by 4.0% YoY.
Export growth accelerates to 11.4% in August
In July, non-oil domestic exports grew by 7.0% YoY.
Export growth moderates to 7.0% in July
In June, non-oil domestic exports grew by 8.5%.
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