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Singapore economy
Singapore’s 2023 NODX on track to see worst performance since 2001
Analysts from OCBC and UOB expect Singapore's full-year NODX to come in at -12.5% and -12.6% respectively.
December 18, 2023
Singapore economy
Singapore's NODX swing to growth first time in 14 months
Official data Monday showed non-oil domestic exports grew 1% in November, slower than the median expectation for a 1.5% gain.
December 18, 2023
Singapore economy
Singapore’s NODX declined by 3.4% y-o-y in October mainly due to Taiwan, the US and South Korea
The decline eased from September’s 13.2% contraction as both electronics and non-electronics fell less sharply from a low base.
November 17, 2023
Singapore economy
Analysts mixed on September’s NODX numbers
In September, NODX declined by 13.2% y-o-y, which stood better than the Bloomberg consensus forecast of -15%.
October 19, 2023
Singapore economy
Analysts expect full-year NODX to contract beyond the official -10% threshold after August’s 20.1% decline
OCBC is expecting Singapore's 2023 NODX to contact by "at least" 11% while UOB has lowered its estimates to -15%.
September 18, 2023
Singapore economy
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.
July 17, 2023
Singapore economy
Analysts reduce their full-year NODX forecasts after May slump
Singapore’s May NODX plunged with a contraction of 14.7% y-o-y, significantly worse than Bloomberg’s median estimate of -7.9%.
June 19, 2023
Singapore economy
May NODX down 14.7% mainly due to Hong Kong, Malaysia and Taiwan
Total trade fell by 17.9% in May as both total exports and imports fell.
June 16, 2023
Singapore economy
Singapore's NODX falls by 8.3% y-o-y mainly due to China, Taiwan and Malaysia
On a m-o-m seasonally adjusted basis, NODX expanded by 18.4% to $15.7 billion as electronic and non-electronic NODX grew.
April 17, 2023
Singapore economy
Singapore’s February NODX falls by 15.6%; NODX to top 10 markets drop on a y-o-y basis
On a m-o-m seasonally adjusted basis, NODX fell by 8.0% to $13.3 billion.
March 17, 2023