Singapore's 2020 trade growth expected to carry through this year, say analysts

Annabeth Leow

Published Mon, Jan 18, 2021 · 05:46 PM

ANALYSTS are pencilling in a solid economic recovery for Singapore and the region, after non-oil domestic exports (NODX) surged in December.

The rebound is tipped to carry over into the new year, as Asian economies shake off the Covid-19 malaise.

Non-oil domestic exports (NODX) closed off the year on a high note, breaking a two-month losing streak to add 6.8 per cent year on year in December, according to preliminary figures released by trade agency Enterprise Singapore (ESG) on Monday.

While ESG releases its final print only next month, watchers estimated that the data took full-year NODX to an expansion of 4.3 per cent - reversing the 9.2 per cent decli…