NODX up 5.9% in September

Last year’s low base of electronics pushed the gains.

Singapore’s non-oil domestic exports (NODX) grew by 5.9% YoY in September compared to a year earlier, extending the 7.7% YoY increase recorded in August, according to the latest data released by Enterprise Singapore.

This was mainly driven by the low base of electronics from September 2019 as well as growth of non-electronics.

Compared to August, however, NODX contracted by 11.3% to reverse the 10.5% expansion in the previous month. This was due to the decline in non-electronic exports outweighing the growth in electronics for the month of September.

Overall, NODX reached $13.8b in September, lower than the $15.6b in August.

Compared to September 2019, electronic NODX expanded 21.4% YoY in the past month thanks to the low base a year ago, accelerating from the 5.7% increase in August. ICs, disk media products and parts of PCs drove the gains, growing by 30.1%, 15.2%, and 22.7%, respectively.

Meanwhile, non-electronic NODX rose marginally by 1.8% YoY in September from a year ago, slowing from the 8.3% YoY growth in August. Non-monetary gold, specialized machinery and food preparations contributed the most to the growth, rising by 53.4%, 34.2%, and 30.7%, respectively.

On a yearly basis, total trade decreased by 1.9% during the month compared to September 2019, easing from the 7.8% in August. Total exports shrunk by 2.1%, narrowing from the previous month’s 4.8% decline. Total imports also fell 1.6%, following the 11% contraction in August.

Meanwhile, compared to August, trade rose 0.1% and reached $79.9b in September. Total exports decline by 3.9%, whilst total imports grew 4.8%.

Get Singapore Business Review in your inbox
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

This is the last trading day before the ghost month.
Its revenue also rose 23.4% YoY to. US$2,262.4m in the same period. 
It is expected to be ready for launch in H2 2022.
Encouraged by vaccinations, more Singaporeans plan to travel in the next three months.
The amendments include higher penalties for erring property agencies or agents. 
The centre aims to spearhead Singapore’s maritime industry’s energy transition.
However, PropertyGuru’s data showed continued confidence amongst sellers.
The system enables employees to have test results in as fast as 60 seconds.
COVID-19 disruptions continue to cause delays in its projects.
Its underlying profit of $832.2m is still 17% below pre-COVID levels.
The airline saw a net loss of $1.12b in the same period last year.
All of its key businesses were profitable in the first six months of the year.
Singtel, Keppel Corp, and OCBC Bank led the Straits Times Index on 29 July.