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Singapore Exports Increase on Petrochemical Sales, China Demand

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May 17 (Bloomberg) -- 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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