NODX to the majority of the top markets, except China, declined in August. The decline was mainly due to Hong Kong which fell 32%, compared to the US and Malaysia which fell 15% and 19.7%.
SINGAPORE (Sept 17): Singapore’s August non-oil domestic exports (NODX) decreased by 8.9% y-o-y, following the 11.4% decline in July; given both electronic and non-electronic exports declined.
This snaps a five-month-long slump of double-digit declines, according to monthly data released by Enterprise Singapore on Tuesday morning. This was also the second month in a row that the slide in shipments eased after they sank 17.4% in June, the worst drop in six years.
