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April NODX down 9.8% y-o-y, OCBC maintains full year estimate of 3% contraction

The Edge Singapore
The Edge Singapore • 2 min read
April NODX down 9.8% y-o-y, OCBC maintains full year estimate of 3% contraction
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Trade volume shrank again in April, and economists expect this trend to persist till the third quarter this year.

Non-oil domestic export (NODX) for April was down 9.8% y-o-y, a steeper decline versus the 8.3% drop seen in March, says Enterprise Singapore on May 17.

Exports to key markets such as China, Malaysia and Taiwan dropped, although corresponding NODX numbers to US, the EU27 and South Korea increased.

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