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Singapore's NODX expands by 12.4% in May from low base

Felicia Tan
Felicia Tan6/17/2022 09:19 AM GMT+08  • 3 min read
Singapore's NODX expands by 12.4% in May from low base
Singapore's CBD. Photo: Albert Chua/The Edge Singapore
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Singapore’s non-oil domestic exports (NODX) increased by 12.4% y-o-y in May, extending the 6.4% growth logged in April.

According to data released by trade agency Enterprise Singapore (ESG), the wider expansion was attributable to the low base pencilled in the year before.

Electronic NODX in May rose 12.9% y-o-y, with integrated circuits (ICs), parts of ICs and disk media products contributing the most to the growth.

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