Singapore's July petchem exports up 11.6%, non-oil exports up 2.1%

17 August 2012 03:24  [Source: ICIS news]

SINGAPORE (ICIS)--Singapore’s shipments of petrochemicals abroad grew by 11.6% year on year to Singapore dollar (S$) 1.11bn ($888m) in July as overall non-oil domestic exports (NODX) to most of the city-state’s top 10 markets rose, official data showed on Friday.

On a year-on-year basis, the city-state’s NODX grew by 5.8% year on year to S$15.2bn in July, following the 6.6% increase in the previous month, according to International Enterprise Singapore (IE Singapore), the country’s official trade promotion agency.

Singapore’s non-electronic NODX, which includes pharmaceuticals and petrochemicals, was up by 7.9% year on year at S$9.92bn, following the 9.2% rise in the preceding month, the agency said.

The country’s NODX to all of its top 10 NODX markets, except to the US, Japan, Malaysia and the EU, rose in July 2012, according to IE Singapore.

The top three contributors to the NODX increase in July were Hong Kong, Taiwan and South Korea, it said.

Exports of specialty chemicals to South Korea slightly more than doubled in July this year, IE Singapore said without giving exact figures.

($1 = S$1.25)


By: Nurluqman Suratman



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index