Singapore July petrochemical exports fall 4.2%, NODX slows to 7.0%

SINGAPORE (ICIS)–Singapore’s petrochemical exports fell by 4.2% year on year in July to Singapore dollar (S$) 1.4bn, the first contraction in four months, weighing on overall non-oil domestic exports (NODX), official data showed on Wednesday.

The country’s NODX fell to 7.0% year on year to S$17.8bn in July, slowing from the 8.5% expansion in June this year, Enterprise Singapore data showed.

Non-electronic NODX, which includes pharmaceuticals and petrochemicals, rose by 6.1% year on year to S$13.7bn in July.

Non-electronic NODX to six out of Singapore’s top 10 NODX markets rose on a year-on-year basis in July.