Bloomberg News

Singapore Exports Increase on Petrochemical Sales, China Demand

May 16, 2012

Singapore’s exports rose more than economists estimated in April as manufacturers shipped more petrochemicals and sales to China rebounded.

Non-oil domestic exports rose 8.3 percent from a year earlier, after a 4.3 percent decline in March, the trade promotion agency said in a statement today. The median of 16 estimates in a Bloomberg News survey was for a 5.9 percent gain.

Exports climbed a seasonally adjusted 13.1 percent last month from March, when they fell 16.8 percent, today’s report showed. The median of eight estimates in a Bloomberg News survey was for a 5.7 percent increase.

To contact the reporters on this story: Shamim Adam in Singapore at sadam2@bloomberg.net; Sarina Yoo in Seoul at kyoo3@bloomberg.net

To contact the editor responsible for this story: Stephanie Phang at sphang@bloomberg.net


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