Chart of the Day: See how NODX cooled down in top markets

US-bound NODX eased down growth by 4.4ppt to 29.3% in August.

This chart from Enterprise Singapore shows that the growth of non-oil domestic exports cooled down in its top markets, including US, the European Union (EU), and Indonesia.

NODX to the US grew 29.3% led by an expansion in food preparations, pharmaceuticals (+146.0%) and measuring instruments (+29.2%). The growth was lesser compared to the 33.7% expansion in July.

In the EU, Singapore's NODX rose 14.1% in August, down 6ppt from the 20.1% growth recorded in July. The August expansion was buoyed by the pharmaceuticals (+24.9%), ICs (+52.2%) and food preparations (+190.9%).

NODX to Indonesia expanded 27.6% in August, following the 40.5% expansion in July, due to non-monetary gold, electrical machinery (+42.0%) and ICs (+171.0%).

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