Free Demo

Import prices up 1.4% in March

Import prices up 1.4% in March

The price of imports jumped 1.4% YoY in March, the Singapore Department of Statistics revealed. According to an announcement, oil prices climbed 13.3% whilst non-oil prices dipped 1.9%.

On a monthly basis, import prices fell 0.7%, as the price index for oil dipped 0.2% due to crude petroleum and high-speed diesel fuel. Non-oil prices also slipped 0.8%.

Meanwhile, export prices fell 0.7% YoY, as the oil price index jumped 13.7% whilst the non-oil price index fell 3.5%.

On a monthly basis, export prices were also down by 0.3% due to lower oil prices (-0.4%) brought about by cheaper bunker fuel and diesel fuel & fuel oils. The non-oil index dipped 0.3%, indicating a steeper decline than 0.1% in February.

In a separate announcement, SingStat said the price of products manufactured in Singapore jumped 1.3% YoY, due to higher oil prices (+12.9%), offset by lower non-oil prices (-0.7%).

On a monthly basis, the price index moved higher by 1.4%, but oil prices were weighed down (-0.5%) by cheaper power kerosene and bitumen. The non-oil price index rose 1.8%.

Meanwhile, the prices of domestic supply rose 0.9% YoY, amidst higher oil prices (+13.5%) and lower non-oil prices (-3.3%).

On a monthly basis, the price index declined 1%, as the oil index slipped 0.3% from cheaper power kerosene and crude petroleum and the non-oil index also fell 0.4%.

High-volume of Loyal and Trusted Customers!

We feel proud in offering export-import data information services to our respected clients.

Obtain a free import-export sample report on desired products.

We do not provide any assistance directly in selling or Buying any product.

Thank You

Big thanks to showing your interest in SEAIR Exim Solutions. We’ve currently received your request for data information. We will return on the same query in a short span of time.