Singapore's non-oil domestic exports (NODX) surged by 17.9 percent year-on-year in October of 2021, after a downwardly revised 12.0 percent gain in the previous month, and beating market consensus of 15 percent. It was the eleventh straight month of increase in NODX, and the strongest growth since February 2017, buoyed by strong sales of both non-electronic and electronic products. Sales of non-electronic products advanced faster (18.9% (vs 11.4% in September), of which non-monetary gold (223.2%), specialized machinery (49.3%), and petrochemicals (39.1%). Meantime, sales of electronic products also grew robustly (14.9% vs 14.1%), including ICs (22.6%), diodes & transistors (19.8%), and parts of ICs (18.1). Among trading partners, exports grew to China (35.6%), Japan (4.5%), South Korea (56.6%), Taiwan (32.7%), Indonesia (22.3%), Malaysia (29.4%), and the EU (13.1%), while fell to the US (-3.9%), Hong Kong (-0.2%), and Thailand (-12.6%). source: Statistics Singapore

Domestic Exports of Non Oil (nodx) (%yoy) in Singapore averaged 9.73 percent from 1977 until 2021, 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 December of 2021.

Domestic Exports of Non Oil (nodx) (%yoy) in Singapore is expected to be 2.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Non-oil Domestic Exports (NODX) YoY is projected to trend around 7.79 percent in 2022, according to our econometric models.

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Singapore Non-oil Domestic Exports (NODX) YoY


Calendar GMT Actual Previous Consensus TEForecast
2021-10-18 12:30 AM Sep 12.3% 2.7% 9.6%
2021-11-17 12:30 AM Oct 17.9% 12% 15%
2021-12-17 12:30 AM Nov 17.9%


Related Last Previous Unit Reference
Balance of Trade 5909.29 4954.97 Million SGD Oct/21
Current Account 28121.60 26785.40 SGD Million Sep/21
Current Account to GDP 17.60 14.30 percent of GDP Dec/20
Exports 53422.89 50373.87 Million SGD Oct/21
Imports 47513.59 45418.90 Million SGD Oct/21
External Debt 2245570.70 2237428.00 SGD Million Jun/21
Terms of Trade 99.66 100.52 points Oct/21
Capital Flows -552.50 5086.10 SGD Million Sep/21
Foreign Direct Investment 41342.00 39262.50 SGD Million Jun/21
Domestic Exports of Non Oil (nodx) (%yoy) 17.90 12.00 percent Oct/21

News Stream
Singapore Exports Rise the Most Since 2017
Singapore's non-oil domestic exports (NODX) surged by 17.9 percent year-on-year in October of 2021, after a downwardly revised 12.0 percent gain in the previous month, and beating market consensus of 15 percent. It was the eleventh straight month of increase in NODX, and the strongest growth since February 2017, buoyed by strong sales of both non-electronic and electronic products. Sales of non-electronic products advanced faster (18.9% (vs 11.4% in September), of which non-monetary gold (223.2%), specialized machinery (49.3%), and petrochemicals (39.1%). Meantime, sales of electronic products also grew robustly (14.9% vs 14.1%), including ICs (22.6%), diodes & transistors (19.8%), and parts of ICs (18.1). Among trading partners, exports grew to China (35.6%), Japan (4.5%), South Korea (56.6%), Taiwan (32.7%), Indonesia (22.3%), Malaysia (29.4%), and the EU (13.1%), while fell to the US (-3.9%), Hong Kong (-0.2%), and Thailand (-12.6%).
2021-11-17
Singapore September Exports Rise More than Expected
Singapore's non-oil domestic exports (NODX) surged by 12.3 percent year-on-year in September of 2021, accelerating sharply from a 2.7 percent rise in the previous month, and beating market consensus of a 9.6 percent gain. It was the tenth straight month of increase in NODX, due to a sharp rebound in sales of non-electronic while those of electronic products continued to increase. Sales of non-electronic products recovered sharply (11.7% vs -1.4% in August), of which pharmaceuticals (27.3%), petrochemicals (52.8%) and specialised machinery (34.9%). Meanwhile, sales of electronic products continued to rise (14.4% vs 16.7%), including ICs (7.0%), parts of ICs (45.4) and telecommunications equipment (45.4%). Among trading partners, exports grew to China (38.9%), Japan (25.3%), the US (22.2%), South Korea (61.6%), Taiwan (31.5%), Indonesia (21.9%), Hong Kong (18.5%), while fell to Thailand (-7.5%), Malaysia (-4.1%), and the EU (-37.4%).
2021-10-18
Singapore Exports Rise Less than Expected
Singapore's non-oil domestic exports (NODX) grew by 2.7 percent year-on-year in August of 2021, sharply slowing from a 12.7 percent surge in the previous month, and far below market consensus of a 8.3 percent rise. It was the ninth straight month of increase in NODX, but the weakest pace in sequence, due to a fall in sales of non-electronic products (-1.4% vs 12.0% in July), of which pharmaceuticals (-12.4%), food and preparations (-27.1%) and non-monetary gold (-66.4%). Meanwhile, sales of electronic products continued to increase (16.7% vs 15.0%), including ICs (20.2%), parts of ICs (116.6) and diodes & transistors (35.5%). Among trading partners, exports advanced to Japan (13.9%), the US (7.6%),South Korea (18.7%), Taiwan (50.6%), Indonesia (17.2%), Thailand (24.2%), Malaysia (17.9%), Hong Kong (22.8%), while plunged to China (-17.5%), and the EU (-20.0%).
2021-09-17

Singapore Non-oil Domestic Exports (NODX) YoY
In Singapore, Non-oil Domestic Exports (NODX) can be divided in Electronic Products, such as ICs, Disk Media Products, PCs, Parts of PCs, and Diodes & Transistors; and Non-Electronic Products, particularly chemicals, such as petrochemicals and pharmaceuticals.