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Singapore's NODX logs surprise 6.8% expansion in December

Amala Balakrishner
Amala Balakrishner1/18/2021 12:0 PM GMT+08  • 4 min read
Singapore's NODX logs surprise 6.8% expansion in December
December’s NODX “does paint an optimistic backdrop for 2021,” says UOB economist Barnabas Gan.
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Singapore’s non-oil domestic exports (NODX) ended the year with a surprise increase in December that broke a two-month slowdown.

Official figures released by trade agency Enterprise Singapore (ESG) on Jan 18 showed a 6.8% y-o-y expansion in NODX thanks to a growth in both electronics and non-electronics shipments.

This is a significant improvement from 5.0% contraction registered in the previous month.

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