Indonesia’s base oils imports rose to a seventeen-month high in August amid a sustained surge in shipments from Singapore.Imports of 52,650t in August rose from 45,600t in July and by 25pc from year-earlier levels.The rise in shipments lifted total imports to 350,600t in the first eight months of the year.The volume was up from 329,000t during the same period last year.Base oils imports had previously lagged year-earlier levels by 6pc in the first four months of the year.The recovery coincided with signs of steady retail sales and firmer manufacturing activity in the third quarter of the year. But the country’s automobile sales fell in September for a third month.Base oils imports of 38,000t from Singapore in August were the highest in at least six years.Imports from South Korea held below 10,000t in August for the fifth time in six months. They fell below that level just two times in 2022..Indonesia’s Aug Group III exports rise.Spore’s Aug exports to SE Asia rise
Indonesia’s base oils imports rose to a seventeen-month high in August amid a sustained surge in shipments from Singapore.Imports of 52,650t in August rose from 45,600t in July and by 25pc from year-earlier levels.The rise in shipments lifted total imports to 350,600t in the first eight months of the year.The volume was up from 329,000t during the same period last year.Base oils imports had previously lagged year-earlier levels by 6pc in the first four months of the year.The recovery coincided with signs of steady retail sales and firmer manufacturing activity in the third quarter of the year. But the country’s automobile sales fell in September for a third month.Base oils imports of 38,000t from Singapore in August were the highest in at least six years.Imports from South Korea held below 10,000t in August for the fifth time in six months. They fell below that level just two times in 2022..Indonesia’s Aug Group III exports rise.Spore’s Aug exports to SE Asia rise