17 September 2013 03:47 [Source: ICIS news]
SINGAPORE (ICIS)--Singapore’s petrochemical exports rose by 29.3% year on year to Singapore dollar (S$)1.39b ($1.1bn)n in August, as overall non-oil domestic exports (NODX) dipped for the third straight month, official data showed on Tuesday.
The city-state’s NODX slipped by 6.2% year on year to S$13.7bn in August, with both electronic and non-electronic domestic exports declining, International Enterprise (IE) Singapore said in its monthly report.
The country’s NODX fell by 1.9% year on year in July and decreased by 9.4% in June this year.
On a year-on-year basis, non-electronic NODX contracted by 4.7%, led by pharmaceuticals, structure of ships and boats as well as aromatic chemicals, it said.
NODX to all of Singapore’s top 10 export markets, except China and Hong Kong, decreased in August 2013 on a year on year basis.
The top three contributors to the NODX contraction in August 2013 were the EU, South Korea and Taiwan.
($1 = S$1.26)
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