Singapore's NODX grows for 13th straight month in December

Trade

SINGAPORE, Jan. 17 (Xinhua) -- Singapore's non-oil domestic exports (NODX) grew for the 13th consecutive month in December 2021, but the year-on-year growth narrowed from 24.2 percent last November to 18.4 percent, Enterprise Singapore, a government agency, announced on Monday.

The electronic NODX increased by 13.6 percent year on year in the last month of 2021, extending the 29.2 percent increase in November. Meanwhile, the non-electronic NODX growth narrowed from 22.6 percent to 19.9 percent.

On a month-on-month seasonally adjusted basis, Singapore's NODX increased by 3.7 percent in December 2021 to 17.1 billion Singapore dollars (about 12.68 billion U.S. dollars), following the previous month's one percent growth.

Singapore's non-oil re-exports (NORX) grew by 26 percent year on year in December 2021, following the 20.3 percent rise in the previous month. Both electronic and non-electronic NORX grew.