Singapore Nov petchem exports down 18.5%, NODX slips 4.9%

SINGAPORE (ICIS)–Singapore’s petrochemical exports fell by 18.5% year on year to Singapore dollar (S$) 955.8m in November, weighing on overall non-oil domestic exports (NODX), official data showed on Thursday.

Petrochemical shipments have been shrinking on a year-on-year basis for 27 straight months, according to data from Enterprise Singapore.

The country’s NODX fell by 4.9% year on year in November following the 3.1% contraction in October.

Non-electronic NODX, which includes petrochemicals and pharmaceuticals, fell by 5.2% year on year in November following the 4.0% contraction in October.

Source: Enterprise Singapore

Non-electronic NODX to China, the EU, Indonesia, South Korea fell on a year-on-year basis in November.

Petrochemical shipments to China fell by 25.5% year on year in November, while those to Indonesia fell by 31.6%.

Specialty chemical exports to Indonesia fell by 45.2% year on year in November.

Interactive by Nurluqman Suratman

(Image: Singapore Port by Richard Sowersby/REX/Shutterstock)