17 February 2010 16:08 [Source: ICIS news]
SINGAPORE (ICIS news)--Singapore experienced a sharp year-on-year rise in petrochemical export volumes to its top 10 trading partners in January, with the exception of EU countries, the country’s Ministry of Trade and Industry said on Wednesday.
“The [21% year-on-year] increase in non-electronic, non-oil domestic exports was led by higher domestic exports of petrochemicals, primary chemicals and specialised machinery,” said the ministry.
Singapore’s top 10 trading partners and export destinations are the 27 member countries of the EU, the US, China, Malaysia, Indonesia, Hong Kong, Japan, South Korea, Thailand and Taiwan.
Singapore’s petrochemical exports to Hong Kong in January jumped by more than threefold compared with January 2009 – the highest among the city-state’s top trading partners for the month – according to the ministry’s figures.
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