Singapore posts 11.8% higher NODX in July on non-electronic export growth

SINGAPORE (Aug 17): Singapore’s non-oil domestic exports (NODX) grew by 11.8% y-o-y in July this year after the 0.8% increase in June, as non-electronic NODX grew to outweigh the decline in electronics.

This is according to Enterprise Singapore’s latest external trade figures for July 2018, which reflected that growth of NODX to the majority of Singapore’s top 10 markets was driven mainly by the US (+33.7%), Japan (53.9%) and Indonesia (+42.8%).

Based on the data, total trade grew by 17.6% y-o-y, extending the 10.2% growth in the preceding month as total exports rose by 13.7% in July from 8% the month before. Total imports grew 22.1% after the 12.7% rise in June.

---

Related Stories

• Singapore’s NODX declines by 4.6% in October due to drop in non-electronics
• The pendulum swings right: A pushback against liberal, progressive, interventionist economics
• Valuetronics reports higher 1HFY2025 earnings despite softer revenue, to pay interim dividend of 8 cents

---