Singapore’s exports fall 10.6% in July
Singapore’s non-electronic exports fell 9.5% on a yearly basis in July after the 2.6% drop in June while electronic exports plunged 12.9% on a yearly basis in July after a 1.7% fall in the previous month.
After witnessing a 9.9% decrease in June, Singapore’s exports to China fell by 16.6% in July caused by petrochemicals, primary chemicals and machinery.
Non-oil re-exports (NORX) were down by 1.2% on a yearly basis in July after the 0.4% increase in June. Meanwhile, electronic NORX fell by 5.9% on a yearly basis in July while non-electronic NORX grew by 4.1%.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- PLAST EURASIA 2022: Eyes on Russian and US supplies with demand woes in focus
- December PE offers to SE Asia imply further drops, yet to respond to China
- Has the bear market for Asian PVC almost run its course?
- Demand outlook for crude oil dims amid China worries
- Asian styrene prices rebound from almost two-year lows
- Turkey’s PE market on brink of new drops for December
- Signs of optimism in China PP and PE markets, but caution remains
- Egypt’s import PP, PE markets flat but domestic prices turn upwards in Nov
- PVC downturn enters 7th month, prices still far from pre-pandemic levels in Europe
- Aggressive US PE offers make a scene across global markets in Q4 after a hiatus of 2 years