Singapore petrochemical exports snap 27-month decline; up 11.5% in Dec

SINGAPORE (ICIS)–Singapore’s petrochemical exports in December 2020 increased by 11.5% year on year to Singapore dollar (S$) 1.25bn, ending more than two years of decline, official data showed on Monday.

The year-on-year expansion was the first recorded since August 2018, according to Enterprise Singapore.

Singapore’s overall non-oil domestic exports snapped three months of contraction, rising by 6.8% year on year in December 2020.

Non-electronic NODX, which includes chemicals and pharmaceuticals, rose by 5.0% in December, reversing the 5.3% contraction in November.