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Singapore's March NODX eases further with 7.7% growth

Felicia Tan
Felicia Tan4/18/2022 08:30 AM GMT+08  • 3 min read
Singapore's March NODX eases further with 7.7% growth
Total trade grew by 17.6% y-o-y in March. Photo: Bloomberg
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Singapore’s non-oil domestic exports (NODX) increased by 7.7% in March, down from the 9.5% y-o-y growth reported in February.

During the month, electronics and non-electronics exports grew.

On a m-o-m seasonally adjusted basis, March’s NODX fell by 2.3%, following the 2.9% m-o-m decline in February. Non-electronic domestic exports fell, while electronics grew. In March, the level of NODX reached $17.2 billion, down from February’s $17.6 billion.

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