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Non-oil domestic exports (NODX)
Singapore economy
UOB ups Singapore's 2022 NODX growth forecast to 5%; other analysts retain GDP, NODX estimates
UOB's revised forecast is at the top end of Enterprise Singapore’s projection of a 3% to 5% growth for the year.
June 20, 2022
Singapore economy
Singapore's NODX expands by 12.4% in May from low base
Total trade grew by 32.4% in May. During the month, total exports expanded by 26.9% and total imports grew by 38.7%.
June 17, 2022
Singapore economy
Analysts keep NODX estimates for 2022 unchanged amid easing NODX growth in March
Maybank Securities is keeping its NODX growth forecast at 4%-6%; OCBC's is unchanged at 4%-8%; UOB's forecast remains at 2.0%.
April 19, 2022
Singapore economy
Singapore's March NODX eases further with 7.7% growth
On a m-o-m seasonally adjusted basis, March’s NODX fell by 2.3%, following the 2.9% m-o-m decline in February.
April 18, 2022
Singapore economy
Singapore's NODX expands by 9.5% in February, easing from January's growth
NODX to the top 10 markets rose on the whole in February, with the largest contributors being the EU 27, China and Malaysia.
March 17, 2022
Singapore economy
Singapore's NODX up 17.6% in January; expands 12.1% in 2021
ESG has kept its estimate for both total merchandise trade and NODX at 0.0% to +2.0% for 2022.
February 17, 2022
Singapore economy
Singapore's NODX expands by 18.4% in Dec; economists say momentum could slow down going forward
UOB economist Barnabas Gan observes that Singapore’s export and manufacturing sectors remained largely buoyant in 2021
January 17, 2022
Singapore economy
Singapore's NODX grows by 24.2% in November; surpasses expectations
The growth surpassed the expectations of private sector economists, who estimated a 15.3% growth y-o-y in a Bloomberg poll.
December 17, 2021
Singapore economy
NODX up by 9.0% in 3Q2021; ESG ups 2021 NODX forecast to 9.5 to 10%
Total merchandise trade is expected to range from 17.0% to 17.5%, while NODX is estimated to stand between 9.5% to 10.0% in 2021.
November 24, 2021
Singapore economy
Singapore's NODX expands by 17.9% in October, thanks to growth in electronics and non-electronics
On a seasonally adjusted month-on-month (m-o-m) basis, NODX rose by 4.2% in October to $16.4 billion.
November 17, 2021