Singapore’s petrochemical exports rise by 28.4%, NODX up 18.4%

SINGAPORE (ICIS)–Singapore’s petrochemical exports rose by 28.4% year on year to Singapore dollar (S$) 1.6bn in December, supporting the overall rise in non-oil domestic exports (NODX) abroad, official data showed on Monday.

Singapore’s petrochemical exports to China rose by 18.9% year on year in December while those to Indonesia surged by 80.1%, Enterprise Singapore said in a statement.

Overall NODX rose by 18.4% year on year in December, decelerating from the 24.2% expansion in November.

Non-electronic NODX, which includes petrochemicals and pharmaceuticals, rose by 19.9% year on year in December, slowing from the 22.6% expansion in November.

Non-electronic NODX to eight out of Singapore’s top 10 markets rose in December while those to South Korea and the US dropped.