Singapore exports down 20.6% in December in third straight month of contraction

SINGAPORE’S non-oil domestic exports (NODX) contracted again in December, dragged by declines in non-electronic shipments and declining deliveries to most of the Republic’s top 10 key markets, data from Enterprise Singapore (EnterpriseSG) showed on Tuesday (Jan 17).

Non-oil domestic exports (NODX) in December tumbled 20.6 per cent year on year from a high year-ago base, extending the 14.7 per cent fall in the previous month and marking the third consecutive month of decline.

December’s performance was lower than what private-sector economist had expected – a 17.5 per cent contraction year on year, according to a Bloomberg poll.