Singapore Non-oil Domestic Exports (NODX) December 2024: +1.7% m/m vs. -1.2% expected

Singapore’s non-oil domestic exports (NODX)

+1.7% m/m in December 2024

• expected -1.2%, prior +14.7%

+9.0% y/y

• expected +7.8%, prior+3.4%
• Non-oil domestic exports to the United Sates, Taiwan,
  Malaysia and Japan increased in annual terms in December, while
  shipments declined to China and the European Union

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Singapore’s Non-Oil Domestic Exports (NODX) are a key indicator of the country’s export performance, excluding oil-related products. NODX encompasses both electronic and non-electronic goods and reflects the health of Singapore’s manufacturing and trade sectors.

This article was written by Eamonn Sheridan at www.forexlive.com.