Electronics exports grew from a low base while non-electronics grew at half the pace in February, stated the release by Enterprise Singapore on April 17.
Analysts are mostly lowering their non-oil domestic exports (NODX) estimates for 2025 as March’s NODX stood below expectations.
Despite coming from a very low base in March 2024, where NODX contracted by 20.8% y-o-y, March's NODX grew by 5.4% y-o-y, down from February’s 7.6% y-o-y growth.
