Singapore’s non-oil domestic exports (NODX) declined by 2.1% in January after the 9.0% expansion in December 2024.
The decline was due to lower non-electronic NODX, which fell by 4.8%. Pharmaceuticals, specialised machinery and miscellaneous manufactured articles, which declined by 53%, 9.9% and 20% respectively, contributed the most to the lower non-electronic NODX.
Meanwhile, electronic NODX rose by 9.6% as integrated circuits (ICs), personal computers (PCs) and disk media products contributed the most to the increase. During the month, ICs, PCs and disk media products rose by 14.6%, 66.7% and 31.5% respectively.
Among Singapore’s top 10 markets, NODX to Hong Kong, the US and Taiwan grew while NODX to China, Indonesia, the European Union (EU) 27, Thailand and Malaysia declined.
