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Singapore's NODX surpasses expectations with 12.1% growth in March

Amala Balakrishner
Amala Balakrishner4/16/2021 10:52 AM GMT+08  • 4 min read
Singapore's NODX surpasses expectations with 12.1% growth in March
The growth in NODX follows higher non-electronics shipments and a low base for electronics.
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Singapore’s non-oil domestic exports (NODX) continued its growth trend for the fourth consecutive month in March thanks to higher non-electronics shipments and a low base for electronics.

Official figures released by trade agency Enterprise Singapore (ESG) on Apr 17 showed that NODX had logged a 12.1% y-o-y increase in March, extending the 4.2% growth registered the month before.

March’s showing is also stronger than the median rise of 2.6% penciled by private-sector economists in a Bloomberg poll.

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