CORRECTED-Singapore middle distillates stocks fall despite decline in net exports

(Corrects date in second paragraph) By Trixie Sher Li Yap SINGAPORE, March 2 (Reuters) - Inventories of middle distillates at key trading hub Singapore fell by around 1 million barrels week-on-week despite a decline in net exports, official data from Enterprise Singapore showed on Thursday. Onshore middle distillates stock levels, which include gasoil and jet fuel/kerosene, were at 7.206 million barrels (0.97 million tonnes) in the week ended March 1, according to the data. The drop came despite more than a 50% decline in weekly net exports for both gasoil and jet fuel/kerosene. However, gasoil export volumes for February from Singapore remained higher month-on-month, according to Refinitiv Oil Research. The higher volumes for February - currently estimated at 1.25 million tonnes, compared with 1.19 million tonnes in January - are likely due to traders supplying more diesel regionally with Chinese exports relatively slower this month, they added. Separately, total exports of gasoil out of the country for the week declined around 13% week-on-week to 303,237 tonnes, with Vietnam and Indonesia being the main receivers. Total imports, however, rose by 12% week-on-week to 240,425 tonnes. On the jet fuel/kerosene front, net exports were pegged at 24,456 tonnes, a decline from 50,818 tonnes from a week earlier. The destinations for most of these exports for the aviation and heating fuel were New Zealand and Philippines. Mar 1, Gasoil (in Total imports Total exports Net exports tonnes) AUSTRALIA 0.000 30999.405 30999.405 BELGIUM 0.000 58335.634 58335.634 BRAZIL 0.003 0.000 -0.003 CHINA 141139.700 0.000 -141139.700 INDONESIA 0.000 60327.350 60327.350 KOREA, REP OF 0.015 0.000 -0.015 MALAYSIA 73982.293 44211.684 -29770.609 MYANMAR 0.000 24946.762 24946.762 NETHERLANDS 0.000 28465.259 28465.259 NEW ZEALAND 0.000 34668.452 34668.452 PHILIPPINES 0.000 4402.648 4402.648 TAIWAN 25303.055 0.000 -25303.055 THAILAND 0.002 5899.232 5899.230 UNITED ARAB EMIRATES 0.002 0.000 -0.002 UNITED STATES 0.004 0.000 -0.004 VIET NAM 0.001 10980.308 10980.308 TOTAL 240425.074 303236.734 62811.660 Mar 1, Jet fuel/kerosene Total Total Net (in tonnes) imports exports exports BELGIUM 11.132 0.000 -11.132 BRUNEI 0.000 0.034 0.034 CHINA 1979.490 0.000 -1979.490 FRANCE 26.837 0.000 -26.837 HONG KONG 0.000 0.019 0.019 INDONESIA 0.000 2.421 2.421 JAPAN 0.000 0.002 0.002 MALAYSIA 0.000 2.840 2.840 NEW ZEALAND 0.000 26469.082 26469.082 VIET NAM 0.000 0.002 0.002 PHILIPPINES 0.000 0.003 0.003 TOTAL 2017.459 26474.403 24456.944 (Reporting by Trixie Yap; Editing by Varun H K)