Singapore March petchem exports rise to top 10 trade partners
16 April 2010 09:06 [Source: ICIS news]
SINGAPORE (ICIS news)--Singapore has registered a rise in its petrochemical export volumes to all of its top 10 trade partners in March, according to statistics released by International Enterprise (IE) Singapore on Friday.
"On a year-on-year basis, non-electronic, non-oil domestic exports (NODX) grew by 20% in March 2010, after the 22% rise in the previous month," said IE Singapore, the Ministry of Trade and Industry’s lead agency.
"The increase in non-electronic NODX was led by higher domestic exports of petrochemicals, specialised machinery and primary chemicals," the agency added.
Singapore’s top 10 trading partners and export destinations are the 27 member countries of the European Union (EU), the US, China, Malaysia, Indonesia, Hong Kong, Japan, South Korea, Thailand and Taiwan.
Singapore’s petrochemical exports to Japan jumped nearly six fold compared with March 2009, while cargoes to the neighbouring Malaysia rose 86% year on year, according to IE Singapore figures.
Cargo volumes to Indonesia rose 71% year on year, while those to Thailand more than tripled, the agency said.To discuss issues facing the chemical industry go to ICIS connect
By: Nurluqman Suratman
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