NODX rise 15.3% in March as electronics jump 74%

Demand for AI hardware—ICs, PCs, and disk media—is a key growth driver.

Non-oil domestic exports (NODX) rose 15.3% in March, following a 4% increase in February, according to an Enterprise Singapore report.

Electronic NODX grew 74%, up from 43.1%, supported by strong demand linked to artificial intelligence and a low base a year earlier.

Growth was primarily attributed to integrated circuits, personal computers, and disk media products.

Meanwhile, non-electronic NODX declined 0.6% in March, after a 6.9% fall in February. Overall, NODX rose 9.6% in the first three months.

Non-oil re-exports increased 61.4%, extending the 21.9% rise in February. The expansion was driven primarily by electronics, with additional support from non-electronics.

Total merchandise trade grew 38.5% from 13.6%, with both exports and imports registering gains.