Oil domestic exports grew by 22%

The y-o-y growth in May was mainly due to higher sales to Malaysia, China, and Australia.

International Enterprise Singapore reported:

On a y-o-y basis, oil domestic exports expanded by 22 per cent in May 2012, after the preceding month’s 11 per cent increase. The y-o-y growth of oil domestic exports was mainly due to higher sales to Malaysia (+35 per cent), China (+60 per cent) and Australia (+38 per cent).

In volume terms, oil domestic exports grew by 21 per cent in May 2012, after the 9.2 per cent expansion in the previous month. On a m-o-m SA basis, oil domestic exports increased by 4.6 per cent in May 2012, in contrast to the 3.5 per cent contraction in the previous month.