According to official data released by Enterprise Singapore (ESG) on Dec 17, the higher NODX was thanks to growth in both the electronics and non-electronics sectors.
Singapore’s non-oil domestic exports (NODX) rose 24.2% y-o-y in November, following the 17.8% rise in the October, making this the 11th consecutive month of growth since December 2020.
The growth surpassed the expectations of private sector economists, who estimated a 15.3% growth y-o-y in a Bloomberg poll.
