INTERACTIVE: Singapore Aug petchem exports rise by 31.9% on year

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SINGAPORE (ICIS)–Singapore’s petrochemical exports in August increased by 31.9% year on year to Singapore dollar (S$) 1.53bn, backed by strong growth in shipments to China, official data showed on Monday.

The country’s August petrochemical shipments to China increased by 35.8% year on year, according to International Enterprise (IE) Singapore.

By volume, overall exports of methanol more than doubled to 2,556 tonnes in August, while shipments of paraxylene (PX) were up by 21.4% year on year at 139,524.8 tonnes.

Overseas shipments of benzene in August fell by 14.9% year on year to 18,307 tonnes, while exports of toluene were up by 4.2% at 37,776 tonnes.

Meanwhile, Singapore’s non-oil domestic exports (NODX) in August rose by 17.0% year on year to S$15bn, IE Singapore said.

Non-electronic NODX, which includes pharmaceuticals and petrochemicals, rose by 15.0% year on year in August, according to IE Singapore.

August shipments to nine out of the Singapore’s top 10 export markets grew on a year-on-year basis, with the exception of Taiwan, where Singapore’s export declined by 29.0%.

Please view the interactive below in full screen mode for detailed NODX and petrochemical exports data.

Photo: Singapore is the world’s busiest transshipment port, currently the world’s second-busiest port in terms of total shipping tonnage. (Richard Sowersby/REX/Shutterstock)

Focus article by Nurluqman Suratman