Non-oil domestic exports grow 16.8% YoY in January

Both electronics and non-electronics NODX rose last month.

Non-oil domestic exports (NODX) expanded 16.8% YoY in January, following a 1.5% decline in December. Enterprise Singapore (EnterpriseSG) attributed the increase to electronics and non-electronics NODX growths.

In January, electronic NODX climbed 0.7% YoY. Diodes & transistors, PCs and printed circuit boards (PCB), which grew by 9.3%, 5.7% and 34.3%, respectively, contributed the most to the increase in electronic exports.

Non-electronic NODX, which expanded by 21.2% YoY, received a boost from specialised machinery (+41.1% YoY), non-monetary gold (198.7% YoY) and pharmaceuticals (9.9%).

January also saw an expansion in NODX to Singapore’s top markets, with China (+101.3%), the US (+35.4%) and Hong Kong (+60.8%) being the largest contributors to the increase.

Like NODX, oil domestic exports and non-oil re-exports (NORX) rose in January, climbing 6.2% YoY and 20.5% YoY, respectively.

With a growth in total exports (16.7% YoY) and total imports (+11.1% YoY), total trade expanded by 14.1% in January.

Follow the link for more news on

Enterprise Singapore

non-oil domestic exports (NODX)

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