According to IE Singapore, total trade for the country increased by 8% in 2011, a contrast to the 21% rise seen in the previous year. Total trade reached S$974 billion in 2011, higher than the previous year's output at S$902 billion.

On a year-on-year basis, Singapore's total trade rose by 7.7% in 4Q 2011, following the previous quarter's increase of 5.4%.

For 2011:

• Non-electronic NODX: +11%
• Non-oil domestic exports (NODX): +2.2%
• Electronic NODX: -13%

Weak demand for integrated circuits (ICs), disk drives and PC parts dragged the electronic NODX in 2011.

Higher exports of pharmaceuticals, structures of ships and boats and specialised machinery boosted non-electronic NODX.

China, Japan and Europe were the 3 top markets for Singapore's non-oil domestic exports last year.

Projections for total trade and NODX growth for this year remain between 3% to 5% due to uncertainties in the Eurozone.