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Decline in Singapore's NODX deepens in November

Amala Balakrishner
Amala Balakrishner12/17/2020 11:00 AM GMT+08  • 3 min read
Decline in Singapore's NODX deepens in November
Total trade for November was down 8.7%, improving marginally the previous month’s 9.0% decline.
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Singapore’s non-oil domestic exports (NODX) remained in the red in November, following a slowdown in both non-electronics and electronics shipments.

Official figures released by trade agency Enterprise Singapore (ESG) on Dec 17 showed that NODX was down 4.9% year-on-year, deepening from the 3.1% contraction registered the month before.

November’s showing is worse than the 0.3% growth estimated by private-sector economists in a Bloomberg poll.

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