Singapore naphtha exports up by 27%; overall chem exports up 0.9%

19 September 2012 08:51  [Source: ICIS news]

SINGAPORE (ICIS)--Singapore’s exports of naphtha rose by 27% year on year to 48,578 tonnes in August, as overall shipments of chemicals abroad increased marginally, official data showed on Wednesday.

The value of Singapore’s naphtha exports was up by 23% year on year at Singapore dollars (S$) 55m ($45m) in August, according to International Enterprise (IE) Singapore, the city-state’s trade promotion agency.

Singapore’s overall exports of chemicals rose by 0.9% year on year to S$4.44bn in August, as non-oil domestic exports (NODX) declined by 11% to S$14.7bn, the agency said in an earlier statement.

On a year-on-year basis, non-electronic NODX fell by 10% in August, compared with the 7.8% increase in the previous month, it said.

“The contraction in non-electronic NODX was led by structures of ships & boats, primary chemicals, and electrical machinery,” IE Singapore said.

Singapore’s exports of toluene was up by 20% year on year at 10,413 tonnes, while shipments of orthoxylene (OX) surged by 71% to 8,128 tonnes, according to IE Singapore.

Its exports of benzene fell by 37% year on year to 6,681 tonnes, while shipments of paraxylene (PX) were down by 28% to 8,128 tonnes, it added.

($1 = S$1.23)

By: Nurluqman Suratman

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