Singapore's External Trade – May 2023
First published 16 Jun 2023 / Last updated 08 Nov 2023
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: Singapore's External Trade – May 2023
MR No.: 027/23
Singapore, Friday, 16 Jun 2023
Highlights
NODX
• Declined by 14.7% in May 2023, following the 9.8% decrease in April 2023; both electronics and non-electronics declined
• NODX declined in May 2023, mainly due to Hong Kong, Malaysia and Taiwan; though NODX to China and the US rose
NORX
• Declined by 10.1% in May 2023, following the 20.7% contraction in April 2023; electronics declined while non-electronics grew
Total trade
• Declined in May 2023; both exports and imports decreased
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