Singapore Trade Balance April 2022

Singapore

Singapore: Non-oil domestic exports (NODX) gain steam in April

May 18, 2022

Non-oil domestic exports (NODX) jumped 13.7% in annual terms in April, following March’s 11.9% upturn. Lastly, the trend remained unchanged, with the 12-month trailing merchandise trade balance recording a USD 0.0 billion in April, compared to the USD 0.0 billion in March. In seasonally-adjusted month-on-month terms, NODX exports declined 3.3% in April, following January’s 1.1% decrease.

FocusEconomics Consensus Forecast panelists project exports to total USD 540.0 billion in 2022 and rise to USD 568.0 billion in 2023.


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