Singapore Jan petrochemical exports dip 0.2%; NODX falls 2.1%

SINGAPORE (ICIS)–Singapore’s petrochemical exports in January declined by 0.2% year on year to Singapore dollar (S$) 1.10 billion ($821 million), while overall non-oil domestic exports (NODX) fell by 2.1% over the same period, official data showed on Monday.

The southeast Asian country’s January NODX reversed the 9.0% increase posted in the previous month, trade promotion agency Enterprise Singapore (EnterpriseSG) said.

For the whole of 2025, EnterpriseSG forecasts a modest growth of 1.0-3.0% for the overall NODX amid trade and economic headwinds.

In January, Singapore’s electronics exports grew by 9.6% year on year, while non- electronics NODX fell by 4.8% over the same period as pharmaceuticals shipments slumped by 53.0%.

Exports to Hong Kong, the US and Taiwan posted growths in January 2025, while shipments to China, Indonesia, Thailand, Malaysia and the EU 27 declined.

Singapore is a leading petrochemical manufacturer and exporter in southeast Asia, with more than 100 international chemical companies, including ExxonMobil and Shell, based at its Jurong Island hub.

For the whole of 2024, Singapore’s petrochemical exports grew by 4.6%, with overall NODX inching up by 0.2%.

($1 = S$1.34)