Singapore's External Trade

Singapore's External Trade – May 2024

First published 18 Jun 2024 / Last updated 18 Jun 2024

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: Singapore's External Trade – May 2024

MR No.: 021/24

Singapore, Tuesday, 18 June 2024

Highlights

NODX

• Declined by 0.1% in May 2024, moderating from the 9.6% contraction in Apr 2024. This marked the mildest decline in 20 months. Pace of decline eased for non-electronics; meanwhile, electronics grew for the second month straight and posted the first double-digit growth in 22 months

NORX

• Grew by 14.1% in May 2024, following the 25.4% expansion in April 2024; both electronics and non-electronics grew

Total trade

• Expanded by 14.2% in May 2024, following the 15.6% growth in April 2024; both exports and imports rose

Click here to read the full report.

Monthly Trade Statistics

Enterprise Singapore is the official source of Singapore's trade statistics. We release monthly trade statistics with the latest analysis of Singapore’s non-oil domestic exports (NODX) and non-oil re-exports (NORX) on a month-on-month and year-on-year basis.

Latest reports are released on the 17th of every month, or on the nearest working day if the 17th is a Saturday, Sunday or public holiday.

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