Singapore: Non-oil domestic exports rebound in July
Non-oil domestic exports (NODX) jumped 15.7% annually in July (June: -8.8% year-on-year). The result marked the strongest reading since January 2024. In seasonally adjusted month-on-month terms, NODX exports rose 12.2% in July, following June’s 0.4% decrease.
Both electronics and non-electronics rebounded strongly from the prior month’s declines. Looking at key export markets, NODX to China and the U.S. bounced back, while shipments to the EU swung into contraction.