Singapore's External Trade – October 2023
First published 17 Nov 2023 / Last updated 17 Nov 2023
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: Singapore's External Trade – October 2023
MR No.: 058/23
Singapore, Friday, 17 November 2023
Highlights
NODX
• Declined 3.4% in October 2023, easing from the 13.2% contraction in September 2023; both electronics and non-electronics declined less sharply from a low base
• NODX declined in October 2023, mainly due to Taiwan, the US and South Korea; though NODX to China, the EU 27, Thailand and Hong Kong rose
NORX
• Rose 2.5% in October 2023, after the 11.8% decline in September 2023; both electronics and non-electronics grew
Total trade
• Grew in October 2023; exports increased while imports declined
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