NODX on a winning streak, up 16.5% in March

Compared to February, the growth eased from a 21.1% uptrend.

Singapore's non-oil domestic exports clocked in their fifth consecutive month of growth in March, registering a 16.5% expansion. The improvement came following the 21.1% growth in February.

On a seasonally-adjusted basis, the level of NODX reached $14.9b in March, lower than the $15.1b in the previous month.

According to the latest figures released by International Enterprise (IE) Singapore, NODX eased by 1.1% from the previous month, on a seasonally adjusted basis, after electronic NODX posted a 5.2% growth in March, compared to a much more robust 17.2% rise in February.

Meanwhile, non-electronics NODX outweighed electronics with its 20.8% growth, a moderation from February’s 22.7% increase.

NODX to the top 10 markets rose in March 2017. The largest contributors were China (45.5%), Taiwan (32.5%), and Hong Kong (17.4%).

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