Singapore’s exports drop 12% in October, petchems down 7%
by ChemOrbis Editorial Team - content@chemorbis.com
According to the data released by International Enterprise (IE) Singapore, exports from the country decreased by 12% in October when compared to the previous month. This drop followed a 5% drop in September.
Electronic shipments were down 6% on a monthly basis, which followed the decline of 6.6% of the previous month.
Non-electronic exports posted a sharp monthly decline of 14.6% in October following a decline of 4.2% in September. IE Singapore’s data shows that this decrease was mainly led by the drop in pharmaceuticals by 47% and in civil engineering equipment parts by 40.7% while the drop in petrochemical exports was relatively smaller at 7% in October.
Electronic shipments were down 6% on a monthly basis, which followed the decline of 6.6% of the previous month.
Non-electronic exports posted a sharp monthly decline of 14.6% in October following a decline of 4.2% in September. IE Singapore’s data shows that this decrease was mainly led by the drop in pharmaceuticals by 47% and in civil engineering equipment parts by 40.7% while the drop in petrochemical exports was relatively smaller at 7% in October.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Supply limitations bolster Feb PP and PE outlook in Turkey
- China’s import PP markets climb to 6-month highs prior to Lunar New Year
- Weak activities press import PE, PP suppliers for discounts in Egypt
- Price erosion continues inside Middle Eastern polyolefins markets
- European PP, PE markets open 2023 with renewed drops
- Tight supply keeps expectations bullish in Turkey’s PVC market
- End of China’s ‘zero-COVID’ stance: Double-edged sword for Asia PVC, PP and PE markets
- Mid-Eastern sellers approach China, SE Asia and Turkey with firmer PP, PE prices for Jan
- Egypt’s local PE, PP markets head north as pound plunges to new low
- Styrenics markets reverse slump after months-long downtrend in Europe
