Singapore April petrochemical exports rise 2.2%; NODX up 6.4%
SINGAPORE (ICIS)–Singapore’s petrochemical exports in April rose by 2.2% year on year to Singapore dollar (S$) 1.57bn ($1.13bn), reversing the 1.9% contraction in March, official data showed on Tuesday.
The country’s overall April non-oil domestic exports (NODX) posted a slower growth of 6.4% to S$17bn, compared with a 7.7% pace in the previous month, data from Enterprise Singapore showed.
NODX to seven out of Singapore’s top 10 markets increased in April, while shipments to China, Hong Kong and South Korea declined.
Non-electronic NODX, which includes petrochemicals and pharmaceuticals, rose by 4.6% year on year to S$13.1bn in April, decelerating from the 6.8% increase in March this year.
($1 = S$1.39)
Thumbnail photo: Container vessels at the Singapore Port on 25 August 2021. (By Joseph Nair/NurPhoto/Shutterstock)
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