Singapore NODX up 2% in 2024

Non-electronic exports fell.

Singapore’s non-oil domestic exports (NODX) grew by 0.2% in 2024, reversing a 13.1% decline in 2023, as per data from Enterprise Singapore.

The rebound was primarily driven by higher shipments of electronic products, whilst non-electronic exports continued to decline.

Electronic NODX surged by 8.2% in 2024, reversing a steep 19.7% contraction in the previous year. In contrast, non-electronic exports fell by 1.9%, though this was an improvement from the 11.1% decline recorded in 2023.

On a year-on-year basis, NODX rose by 2.4% in the fourth quarter of 2024, following a strong 9.0% expansion in the third quarter.

Electronic exports continued their upward momentum, growing by 14.2% in Q4 2024, extending the 16.3% rise in Q3. However, non-electronic NODX declined slightly by 0.7%, reversing a 7.0% increase in the previous quarter.

Despite the overall recovery, NODX to major markets declined in 2024. The European Union (EU 27) saw the sharpest drop at 21.4%, followed by Japan (-17.6%) and the United States (-6.6%).

On the other hand, electronic exports to key markets saw significant growth. Hong Kong led the increase with a 50.5% surge, followed by Malaysia (+38.5%) and South Korea (+21.0%).

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