Singapore's External Trade – December 2023
First published 17 Jan 2024 / Last updated 17 Jan 2024
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: Singapore's External Trade – December 2023
MR No.: 002/24
Singapore, Wednesday, 17 January 2024
Highlights
NODX
• Decreased 1.5% in December 2023, following the 1.0% growth in November 2023. Decline was due to electronics NODX; non-electronics grew for the second month straight – albeit at a moderated pace
• NODX to the top markets as a whole declined in December 2023, mainly due to Taiwan, South Korea and Japan; though NODX to China, Hong Kong, the EU 27 and the US rose
NORX
• Decreased 1.4% in December 2023, after the 5.2% growth in November 2023; electronics declined while non-electronics increased
Total trade
• Declined in December 2023; both exports and imports decreased.
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