![NODX decline suggests Singapore is \"drastically\" losing competitiveness](http://sbr.com.sg/sites/default/files/imagecache/260x75/news/shocked_148.jpg "NODX decline suggests Singapore is \\"drastically\\" losing competitiveness")
Chart of the Day: Total trade up 7.5% in Q1
The level of total trade reached S$252 billion in the first quarter of 2012.
International Enterprise (IE) Singapore reported:
The first quarter of 2012 saw the stabilisation in growth for both total trade and NORX while NODX saw positive year-on-year (y-o-y) growth after two consecutive quarters of negative growth.
On a y-o-y basis, Singapore’s total trade grew by 7.5 per cent in 1Q 2012, following the 7.7 per cent expansion in the previous quarter.
NODX grew y-o-y by 6.1 per cent in 1Q 2012 after the previous quarter’s decline of 2.7 per cent.
Projected total trade and NODX growth in 2012 are both maintained at between 3.0 and 5.0 per cent.
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