non-oil domestic exports (NODX)
Singapore’s total merchandise trade down 7.8% in Q1
EnterpriseSingapore foresees that exports will decline 10% to 8%.
Singapore’s total merchandise trade down 7.8% in Q1
EnterpriseSingapore foresees that exports will decline 10% to 8%.
NODX decline likely to continue for a few more months
Experts predict that NODX will contract by -5.5% to -9% in 2023.
Non-oil domestic exports drop 9.8% YoY in April
A 20.9% drop in exports to China drove the overall decline.
SG likely to see ‘worst export performance’ since 2019
Experts expect full-year NODX to drop by 4% to 7% in 2023.
Non-oil domestic exports fall 15.6% YoY in February
Decreases in both electronics and non-electronics exports drove the decline in NODX.
Weak demand from major export destinations hits NODX momentum: UOB
Non-oil domestic exports (NODX) declined 25% in January 2023.
Worse may be over for exports: RHB
Exports slightly improved in January but it will decline in the first half of 2023.
Exports decline 25% in January
Electronics and non-electronics decreased.
Non-oil domestic exports unlikely to grow in 2023: forecast
Enterprise Singapore’s NODX growth projection is -2.0% to 0.0%.
Non-oil domestic exports decline 5.6% YoY in October
Decreases in both electronics and non-electronics exports drove the decrease in NODX.
Exports momentum may be slow in Q4: analysts
This may be dragged by the softening demand in East Asia.
Exports growth slows to 3.1% in September
This is down from the 11.4% growth in August 2022.
What will drag NODX momentum in the second half of 2022?
In H2, RHB expects NODX to grow only by 4.0% YoY.
Export growth accelerates to 11.4% in August
In July, non-oil domestic exports grew by 7.0% YoY.
Export growth moderates to 7.0% in July
In June, non-oil domestic exports grew by 8.5%.
Exports growth to slow in the second half of 2022: analysts
China's slowdown is amongst the factors dampening the global trade outlook.
China reopening only ‘temporary relief’ to trade
Consumer spending in late 2022 will be impacted by price hikes.
Commentary
It’s high time for property developers to implement effective anti-money laundering requirements
Transforming the Retail Horizon: Experiential Retail and Digitalisation key in driving post-pandemic growth