UpdateSingapore's March petchem exports up 1.4%, NODX down 4.8%

17 April 2013 04:04  [Source: ICIS news]

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SINGAPORE (ICIS)--Singapore’s petrochemicals exports rose by 1.4% year on year to Singapore dollars (S$) 1.13bn ($919m) in March, amid a dip in overall non-oil domestic exports (NODX), official data showed on Wednesday.

Overall exports from the city-state’s chemicals cluster, which includes pharmaceuticals and petrochemicals, rose by 0.8% year on year to S$4.63bn, according to International Enterprise (IE) Singapore in its monthly report.

The country’s exports of benzene fell by 65.3% to 2,001 tonnes in March, while shipments of toluene slipped by 0.54% to 22,229 tonnes, according to IE Singapore data.

Overseas shipments of orthoxylene (OX) surged by 83.8% year on year to 4,398 tonnes in March, while exports of paraxylene (PX) slipped by 17.7% to 34,427 tonnes, the data showed.

Singapore’s NODX fell by 4.8% year on year to S$14.8bn in March because of a decrease in electronic NODX which outweighed the expansion in non-electronic NODX.

Non-electronic NODX was up 2.3% at S$10.3bn, while electronic NODX fell by 17.9% to S$4.52bn.

On a year-on-year basis, shipments to all of the top ten NODX markets, except Japan and China, decreased in March.

The top three contributors to the NODX contraction in March were the EU-27, Malaysia and the US.

($1 = S$1.23)

By: Nurluqman Suratman

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