, Singapore
118 views
Photo by Hanson Lu on Unsplash

Non-oil domestic exports fall 20.6% YoY in December

Decreases in both electronics and non-electronics exports drove the decline in NODX.

Non-oil domestic exports (NODX) declined further in December, falling 20.6%  from a high base a year ago.

Based on Enterprise Singapore's report, the decreases in electronic (-17.9% YoY) and non-electronic product exports (-21.3% YoY) drove the decline in NODX.

ICs, disk media products and parts of PCs which contracted by  26.0%, 36.5% and 41.7%, respectively, contributed the most to the decrease in electronic exports.

Meanwhile, the decline in non-electronic NODX was due to the contraction in non-monetary gold (-63.3%), specialised machinery (-16.6%) and primary chemicals (-55.6%).

Join Singapore Business Review community

In terms of markets, the largest contributors to NODX contraction in November were China (-31.8%), Indonesia (-35.4%) and Hong Kong (-34.6%).

Non-oil re-exports (NORX) also fell in December, decreasing by 7.2%.

Oil-domestic exports, on the other hand, expanded in December by 24.6% YoY.

Overall, exports declined by 7.1% YoY.

With a decline in total exports and imports (-8.2%), total trade decreased by 7.7% in December.

Follow the link for more news on

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Lorem Ipsum Singapore Business Review
The text to display in the title bar of a visitor's web browser when they view this page. This meta tag may also be used as the title of the page when a visitor bookmarks or favorites this page, or as the page title in a search engine result. It is common to append 'Singapore Business Review' to the end of this, so the site's name is automatically added. It is recommended that the title is no greater than 55 - 65 characters long, including spaces.The text to display in the title bar of a visitor's web browser when they view this page. This meta tag may also be used as the title of the page when a visitor bookmarks or favorites this page, or as the page title in a search engine result. It is common to append 'Singapore Business Review' to the end of this, so the site's name is automatically added. It is recommended that the title is no greater than 55 - 65 characters long, including spaces.
Agribusiness
Lorem Ipsum 2
Contrary to popular belief, Lorem Ipsum is not simply random text.