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.