Singapore's External Trade – May 2024
First published 18 Jun 2024 / Last updated 30 Oct 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
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