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Singapore’s NODX declines by 15.5% in June mainly due to Malaysia, Indonesia and South Korea (update)

Felicia Tan
Felicia Tan • 6 min read
Singapore’s NODX declines by 15.5% in June mainly due to Malaysia, Indonesia and South Korea (update)
On a m-o-m seasonally adjusted basis, NODX grew by 5.4% in June to $14.5 billion. Photo: Samuel Isaac Chua/The Edge Singapore
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Singapore’s non-oil domestic exports (NODX) for June fell by 15.5% y-o-y, making this the ninth straight month of contractions.

During the month, electronic and non-electronic exports declined. Electronic NODX fell by 15.9% on a y-o-y basis led by the declines of integrated circuits (ICs), personal computers (PCs) and parts of PCs which fell by 31.8%, 44.2% and 44.8% respectively.

Non-electronic NODX fell by 15.4% y-o-y with petrochemicals, pharmaceuticals and primary chemicals contributing the most to the decline at 34.0%, 29.5% and 61.8% respectively.

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