Singapore's non-oil domestic exports (NODX) increased 5.9 percent year-on-year in September 2020, easing from a 7.7 percent rise in August and far below market consensus of 10.8 percent gain. Sales of non-electronics products rose at a softer 1.8 percent (vs 8.3 percent in August), of which non-monetary gold (53.4 percent), specialised machinery (34.2 percent) and food preparations (30.7 percent). Meantime, sales of electronics continued to rise (21.4 percent vs 5.7 percent in August), including ICs (30.1 percent), disk media products (15.2 percent) and part of PCs (22.7 percent). Among trading partners, exports were up to the EU (60.5 percent), Malaysia (28.8 percent), Japan (5.4 percent), the US (3.7 percent), Taiwan (2.5 percent) and China (0.3 percent). Sales declined to Indonesia (-16.0 percent), Hong Kong (-26.7 percent), Thailand (-15.7 percent) and South Korea (-5.0 percent).
Domestic Exports of Non Oil (nodx) (%yoy) in Singapore averaged 9.80 percent from 1977 until 2020, reaching an all time high of 70 percent in February of 1980 and a record low of -34.90 percent in January of 2009. This page includes a chart with historical data for Singapore Domestic Exports of Non Oil (nodx) (%yoy). Singapore Non-oil Domestic Exports (NODX) YoY - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Domestic Exports of Non Oil (nodx) (%yoy) in Singapore is expected to be 7.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Domestic Exports of Non Oil (nodx) (%yoy) in Singapore to stand at 7.80 in 12 months time. In the long-term, the Singapore Non-oil Domestic Exports (NODX) YoY is projected to trend around 7.79 percent in 2021, according to our econometric models.