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.
Do you know more about this story? Contact us anonymously through this link.