NODX on a winning streak, up 21.5% in February

Both electronics and non-electronics gained in the said month.

Singapore's non-oil domestic exports reflected stronger growth in February, ending the month with a 21.5% growth.

According to the latest figures from International Enterprise Singapore, this came as both electronics and non-electronics closed the month with gains.

On a year-on-year basis, electronic NODX expanded by 17.2% in February 2017, following the 6.1% rise in the previous month. ICs, disk media products, and parts of PCs grew by 25.8%, 26.9%, and 19.7%, respectively, contributing the most to the growth in electronic domestic exports.

On the other hand, non-electronic NODX grew by 23.3% in February 2017, following the 9.8% increase in the previous month. Petrochemicals, specialised machinery, and non-monetary gold increased by 45.3%, 111.8%, and 104.3%, respectively, contributing the most to the rise in non-electronic NODX.

NODX's winning streak started in November 2016, when it registered a 15.6% growth. From then, the uptrend eased a little to 9.1% in December and 8.6% in January.

Also Read

Singapore ranks second in global economic freedom

Economists forecast modest NODX growth for Singapore in 2024

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!

I want to download the media kit