The Business Times
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Singapore’s export growth in coming months likely to be dragged down by China’s slowdown: economists

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Sharon See

Sharon See

Published Tue, May 17, 2022 · 05:48 PM
    • Non-oil domestic exports (NODX) in April eased for the fifth straight month to 6.4 per cent year on year, from 7.7 per cent the previous month according to data from Enterprise Singapore on Tuesday (May 17)
    • Non-oil domestic exports (NODX) in April eased for the fifth straight month to 6.4 per cent year on year, from 7.7 per cent the previous month according to data from Enterprise Singapore on Tuesday (May 17) THE STRAITS TIMES

    SINGAPORE’S export growth could continue to ease in the coming months, with global headwinds likely to dampen external demand even as Asean’s reopening offers a silver lining, said economists.

    Already, non-oil domestic exports (NODX) growth in April eased for the fifth straight month to 6.4 per cent year on year, according to data from Enterprise Singapore on Tuesday (May 17), a result that was largely in line with the 6.5 per cent growth that private-sector economists polled by Bloomberg were expecting. Exports in March grew 7.7 per cent.

    Shipments of electronic products extended the previous month’s gains with a 12.8 per cent year-on-year growth in April, while non-electronic exports in the same month slowed to 4.6 per cent.

    Singapore economySingapore NodxTradeChina

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