ECONOMY | Staff Reporter, Singapore

Chart of the Day: Singapore NODX down 2.7% in March 2018

Electronic NODX fell by 7.1% and continued to weigh growth down.

This chart from Enterprise Singapore shows that non-oil domestic exports dipped 2.7% in March 2018, easing from the 6% decline in the previous month, due to the decrease in both electronic and non-electronic exports.

Electronic NODX continued to fall by 7.1% in March 2018, but it eased from the 12.7% decrease in the previous month. Part of personal computers (PC), integrated circuits (ICs), and diodes & transistors declined by 51.2%, 6.3% and 24.6% respectively, and they contributed the most to the decrease in electronic domestic exports.

Non-electronic NODX decreased by 1.3% in March 2018 from the high base a year ago, after the 3.3% decline in the previous month. Non-monetary gold, structural parts made up of iron, steel & aluminium and aircraft parts crashed by 55.1%, 95.3% and 53.6% respectively, contributing the most to the decline in non-electronic NODX.

The NODX of the majority of the top markets increased in March 2018, except China, Hong Kong, Thailand, and Malaysia. Growth was led by the US, Japan, and the EU.

Non-oil domestic re-exports (NORX) declined slightly by 0.2% in March 2018 as electronic re-exports decreased whilst non-electronics grew.

Meanwhile, total trade decreased over the year in March 2018 as both imports and exports moderated from recent highs.

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