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Singapore key exports disappoint after 2.7% rise in September misses expectations

NODX growth is slower than the 9.1% expansion anticipated by private-sector economists

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Tessa Oh

Tessa Oh

Published Thu, Oct 17, 2024 · 08:30 AM
    • NODX grew for six out of Singapore’s top 10 markets, with Japan, Hong Kong and the United States bucking the trend. NODX to China stayed flat for the month.
    • NODX grew for six out of Singapore’s top 10 markets, with Japan, Hong Kong and the United States bucking the trend. NODX to China stayed flat for the month. PHOTO: BT FILE

    SINGAPORE’S key exports continued its upward climb in September as both electronics and non-electronics shipments rose, but the rise was at a slower pace than what analysts were expecting.

    Non-oil domestic exports (NODX) grew 2.7 per cent year on year in September, extending the 10.7 per cent jump in the previous month, data from Enterprise Singapore (EnterpriseSG) showed on Thursday (Oct 17).

    This missed private-sector economists’ expectation of a 9.1 per cent expansion, as indicated in a poll by Bloomberg.

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