ECONOMY | Staff Reporter, Singapore

Oil domestic exports surge by 15.4% in January

Higher sales to Malaysia, Australia, and Indonesia drive the growth.

Oil domestic exports registered a 15.4% year-on-year growth in January.

According to International Enterprise (IE) Singapore, the increase in oil domestic exports last month was driven by higher sales to Australia (+56.9%), Malaysia (+51.6%) and Indonesia (+20.7%).

In terms of volume, oil domestic exports jumped by 5% in January 2018, after the 8.2% growth last December.

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