SINGAPORE: Singapore’s non-oil domestic exports rose by 18.4 per cent year-on-year in December 2021, marking the 13th straight month of growth.Economists had expected a 13.8 per cent increase in December, according to the median of nine estimates reported by Reuters.
On a seasonally adjusted basis, non-electronic NODX grew while electronics declined, with the level of NODX reaching S$17.1 billion in December, compared to November’s S$16.5 billion, ESG said. “NODX to the top markets as a whole rose in December 2021, though NODX to the United States and South Korea declined,” ESG said.
Shipments to Indonesia expanded by 66.1 per cent in December, after the previous month's jump of 33.7 per cent. This was mainly due to non-monetary gold, petrochemicals and primary chemicals.
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