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NODX up by 9.0% in 3Q2021; ESG ups 2021 NODX forecast to 9.5 to 10%

Felicia Tan
Felicia Tan11/24/2021 10:09 AM GMT+08  • 4 min read
NODX up by 9.0% in 3Q2021; ESG ups 2021 NODX forecast to 9.5 to 10%
Total merchandise trade is expected to range from 17.0% to 17.5%, while NODX is estimated to stand between 9.5% to 10.0% in 2021.
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Singapore’s non-oil domestic exports (NODX) rose 9.0% y-o-y in the 3Q2021, following the 10.1% rise in the 2Q2021, according to figures released by Enterprise Singapore (ESG) on Nov 24.

The growth was attributable to increases seen in electronic and non-electronic NODX during the period.

Domestic exports of electronic products grew by 15.3% y-o-y in 3Q2021, led by growth in integrated circuits (ICs), personal computers (PCs), as well as diodes and transistors. During the quarter, ICs, PCs and diodes and transistors expanded by 12.8%, 46.3% and 29.4% respectively.

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