Singapore's non-oil domestic exports (NODX) contracted by 0.1% YoY in May, with non-electronic NODX down 6% and electronic exports up 21.9%.
Singapore's non-oil domestic exports (NODX) contracted by 0.1% year-on-year in May, marking the mildest drop in 20 months. Non-electronic NODX declined 6%, while electronic product exports grew by 21.9%. Total trade expanded 14.2% year-on-year, reaching $108.3 billion. Singapore's NODX to top markets, including Hong Kong, Malaysia, and the US, increased last month, contributing to the overall growth.
June 18, 2024
8 Articles