Non-oil domestic exports unlikely to grow in 2023: forecast

Enterprise Singapore’s NODX growth projection is -2.0% to 0.0%.

Singapore’s non-oil domestic exports (NODX) growth in 2023 will either fall further or be unchanged from last year, according to Enterprise Singapore.

In a report, the statutory board said it maintained its NODX growth projection of -2.0% to 0.0% for 2023.

In 2022, NODX growth continued to moderate, rising only by 3.0% YoY from a 12.1% growth in 2021.

The more moderate expansion was on the back of slower YoY increases in both electronic and non-electronic segments.

Electronic NODX growth eased to 0.5% YoY in 2022 from 16.3% in 2021, whilst non-electronic NODX growth moderated from 10.9% in 2021 to 3.8% in 2022.

With no expected growth on NODX for the year, Enterprise Singapore also retained its growth projection for total merchandise trade at -2.0% to 0.0%.

Follow the link for more news on

Enterprise Singapore

non-oil domestic exports (NODX)

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia