Singapore November NODX falls 8.8%; petchems exports steady
Pearl Bantillo
17-Dec-2013
(adds details on petrochemical exports, table)
SINGAPORE
(ICIS)–Singapore’s non-oil domestic exports (NODX)
in November declined by 8.8% year on year,
with shipment values of petrochemicals largely unchanged
at Singapore dollars (S$) 1.1bn ($880m), official data released on Tuesday
showed.
Export volumes of some petrochemical products, however, were sharply higher on a year-on-year basis, according to data from International Exchange (IE) Singapore.
Benzene exports rose by 54.5% year on year to 8,857 tonnes in November, while toluene shipments more than doubled to 26,896 tonnes. (Please see table below)
Paraxylene shipments nearly doubled to 56,688 tonnes, but ortho-xylene exports fell by 36.7% to 6,128 tonnes.
Lower overall shipments were recorded in seven out of the country’s 10 major export destinations during the month, according to International Exchange (IE) Singapore.
“The top three contributors to the NODX decline in November 2013 were the EU 27, Hong Kong and South Korea,” it said in a statement.
On a month-on-month basis, the city-state’s NODX shrank 9.3% in November to Singapore dollars (S$) 13.2bn, compared with $14.6bn recorded in October, the data showed.
Singapore’s total trade in November slipped 1.1% year on year, following a 7.9% growth in October, with growth in total exports slowing down to 1% from an 11.2% pace in the previous month, according to IE Singapore.
Meanwhile, Singapore’s November oil domestic exports dipped 1.5% year on year as sales to both China and to Vietnam declined by 43.9%, while sales to the EU 27 contracted by 12.6%, it said.
In terms of volume, oil domestic exports for the month were down by 0.8% compared with a 6.4% expansion in October.
Singapore petrochemical exports by volume (in tonnes)
|
Products |
Nov-13 |
Nov-12 |
% change |
|
Ethylene |
8,171,621.00 |
12,077,784.00 |
-32.34 |
|
Benzene |
8,857.32 |
5,731.93 |
54.53 |
|
Toluene |
26,896.36 |
12,127.54 |
121.78 |
|
Orthoxylene |
6,128.40 |
9,677.56 |
-36.67 |
|
Paraxylene |
56,688.51 |
45,431.13 |
24.78 |
|
Ethylene Glycol |
96,077,846.02 |
77,139,563.00 |
24.55 |
|
Phenol |
9,563,510.00 |
5,176,941.00 |
84.73 |
|
Acetone |
11,790,595.27 |
14,562,193.23 |
-19.03 |
|
Ethyl acetate |
6,041,109.56 |
6,668,043.23 |
-9.40 |
|
Vinyl acetate |
25,776,055.00 |
8,868,876.00 |
190.63 |
|
Acrylic acid & its salts |
279,787.00 |
267,120.00 |
4.74 |
|
Maleic anhydride |
34,991.00 |
20,647.70 |
69.47 |
|
Toluene diisocyanate |
1,290,362.00 |
3,154,472.20 |
-59.09 |
Source: IE Singapore
($1 = €0.73)
Additional reporting by Minjie Yaw
Read John Richardson and Malini Hariharan’s blog – Asian Chemical Connections
Global News + ICIS Chemical Business (ICB)
See the full picture, with unlimited access to ICIS chemicals news across all markets and regions, plus ICB, the industry-leading magazine for the chemicals industry.
Contact us
Partnering with ICIS unlocks a vision of a future you can trust and achieve. We leverage our unrivalled network of industry experts to deliver a comprehensive market view based on independent and reliable data, insight and analytics.
Contact us to learn how we can support you as you transact today and plan for tomorrow.
READ MORE
