, Singapore
Photo from Shutterstock

NODX falls 6.4% YoY in Q2 as non-electronics decline

Non-electronic NODX declined 9.2% YoY. 

Non-oil domestic exports (NODX) fell by 6.4% year-on-year in Q2 2024, a sharper decline compared to the 3.4% decrease in Q1 2024.

Enterprise Singapore (EnterpriseSG) attributed the contraction to the decline in non-electronics NODX.

In Q2, non-electronic NODX declined 9.2% YoY. 

Pharmaceuticals,  non-monetary gold  &  food preparations, which fell by 50.5%, 36.7% and 7.6%, respectively, contributed the most to the dip in non-electronic NODX.

On the other hand, electronic NODX improved, increasing by 3.8% YoY, driven by PCs, ICs, and other computer peripherals grew by 58.4%, 7.6% and 668.0%, respectively.

Q2 also saw a contraction in NODX to Singapore’s top markets, with the US (-20.9% YoY), the EU 27 (-28.3% YoY) and Taiwan (-12.8% YoY) being the major contributors to the decrease.

Unlike NODX, oil domestic exports and non-oil re-exports (NORX) expanded in Q2, climbing 19.0% YoY and 11.9% YoY, respectively.

Meanwhile, total trade expanded by 10.1% YoY in Q2.
 

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!