Singapore's External Trade – March 2024
First published 17 Apr 2024 / Last updated 30 Oct 2024
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: Singapore's External Trade – March 2024
MR No.: 017/24
Singapore, Wednesday, 17 April 2024
Highlights
NODX
• Contracted by 20.7% in March 2024 from a high base a year ago, following the 0.2% decline in February 2024; decline was driven largely by non-electronics, including pharmaceuticals NODX; electronics also declined
• NODX to the top markets as a whole declined in March 2024, mainly due to the US, the EU 27 and Japan; though NODX to China, Hong Kong and Taiwan grew
NORX
• Rose by 4.9% in March 2024, following the 0.7% increase in February 2024; electronics grew while non-electronics declined
Total trade
• Decreased by 1.8% in March 2024, following the 3.5% increase in February 2024; both exports and imports declined
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