, Singapore
Photo by CHUTTERSNAP on Unsplash

Non-oil domestic exports rise 1.0% YoY in November

Enterprise Singapore attributed the increase to a low base a year ago.

Non-oil domestic exports (NODX) expanded in November by 1.0% YoY, following a 3.5% contraction in October. Enterprise Singapore attributed the increase to a “low base a year ago.”

Non-electronic NODX likewise grew in November, rising by 5.2% YoY.

The growth in non-electronic NODX was due to expansions in pharmaceuticals (+118.9%),
non-monetary gold (+106.5%) and miscellaneous manufactured articles (+39.1%).

On the flip side, electronics NODX declined at a faster pace, falling by 12.7% YoY in November.

ICs, PCs and diodes & transistors, which contracted by 18.0%, 47.8% and 13.6%, respectively, contributed the most to the decrease in electronic exports.

Despite the overall increase in NODX, exports to Singapore’s top markets fell in November, with Taiwan (-40.0%), the EU 27 (-21.7%) and Indonesia (-23.6%) being the largest contributors to the decline.

Unlike NODX, oil domestic exports declined in November, falling 2.7% YoY. 

Non-oil re-exports (NORX), on the other hand, rose 5.7% YoY.

With the increase in total exports (+2.8% YoY) and a 2.5% YoY decline in total imports, total trade grew by 0.3% YoY in November.

Follow the link for more news on

Join Singapore Business Review community
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!