Singapore Oct petrochemical exports fall by 15.3%; NODX down 3.1%

Author: Nurluqman Suratman


SINGAPORE (ICIS)--Singapore's petrochemical exports in October fell by 15.3% year on year to Singapore dollar (S$) 1.06bn ($791m), weighing on overall non-oil domestic exports (NODX), which snapped four consecutive months of growth, official data showed on Tuesday.

Petrochemical shipments have been shrinking for 26 straight months, according to data from Enterprise Singapore.

The country's October NODX fell by 3.1% year on year, reversing the 5.8% expansion in the previous month.

Singapore's non-electronic NODX - which includes petrochemicals and pharmaceuticals - fell by 3.9% year on year in October.

Non-electronic NODX to the EU, Japan, China and the US rose in October, while those to Hong Kong, Malaysia, Thailand, Indonesia, South Korea and Taiwan fell.

($1 = S$1.34)

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