Chart of the Day: Here are top markets that contributed to the growth in NODX

NODX to Thailand skyrocketed from a growth rate of 7.5% in August to 46.8% in September.

This chart from Enterprise Singapore (ESG) shows that US continued to be the largest contributor to the growth of Singapore’s non-oil domestic exports (NODX), followed by the EU 28, and Thailand.

NODX to the US expanded even further by 41.5% in September from the 29.3% growth rate in August mainly due to food preparations, pharmaceuticals (+179.4%) and non-electric engines & motors (+59.6%).

Meanwhile, NODX to the EU 28 also continued to rise by 21.6% from an expansion rate of 14.1% in August 2018, mainly due to pharmaceuticals (+66.7%), measuring instruments (+48.0%) and articles of plastic (+699.2%).

For NODX to Thailand, the expansion rate skyrocketed to 46.8% from a 7.5% growth in August backed by the growth in non-monetary gold, disk media products (+30.7%) and specialised machinery (+114.5%).