Non-oil domestic exports rebound, rising 9.2% YoY in Q3

In Q2, NODX fell 6.5% YoY.

Non-oil domestic exports (NODX) rose 9.2% YoY in Q3 2024, reversing the decline of 6.5% YoY in Q2.

Enterprise Singapore (EnterpriseSG) attributed the expansion to faster growth of electronics and rebound in non-non-electronics.

In Q3, electronics rose 17.9% YoY, whilst non-electronics grew 7.0%.

ICs, disk media products and PCs, which grew by 23.7%, 117.0% and 52.1%, respectively, contributed the most to the increase in electronic NODX.

Meanwhile, e specialised machinery (+18.8%), non-monetary gold (+43.9%)
and food preparations (+20.6%) were tehe biggest contributors to non-electronics growth.

Expansions in electronics and non-electronics also pushed non-oil re-exports (NORX) up in Q3 by 6.6% YoY.

Meanwhile, Q3 also saw an expansion in NODX to Singapore’s top markets, Malaysia (+30.7%), China (+12.7%) and the US (+6.0%) being the major contributors to the increase.

Unlike NODX, oil-domestic exports declined in Q3, slipping by 0.2% YoY.

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Enterprise Singapore

non-oil domestic exports (NODX)

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