, Singapore
Infographic by the Department of Statistics Singapore.

Domestic wholesale trade sales down 3.5% in Q4

Petroleum sales and transport equipment sales logged double-digit decreases.

Domestic wholesale trade sales dropped 3.5% year-on-year in the fourth quarter of 2023, although it is still 4.4% higher compared to Q3, according to data from the Department of Statistics Singapore.

Petroleum products dragged down overall sales, plunging 25.7% during the quarter. Excluding petroleum, domestic wholesale sales jumped 16.2%.

Metals, timber, and construction reported the most increase, with sales skyrocketing 88.9% in Q4. General wholesale trade rose by 15.6%, whilst electronic components also saw a 35.8% jump compared to the same quarter in 2022.

Ship chandlers and bunkering; and chemicals & chemical products also reported double digit increases, at 22.2% and 29.9% year-on-year, respectively.

In contrast, domestic wholesale trade in transport equipment plummeted 31% over the same period. Household equipment & furniture; and industrial & construction machinery also contracted during the period, falling by 7.6% and 4.2%, respectively.

Food, beverages, & tobacco saw a 5.3% rise; whilst telecommunications & computers rose by 0.9%.

Meanwhile, Singapore’s foreign wholesale sales decreased 4.7% on a year-on-year basis in the fourth quarter of 2023. Excluding petroleum, foreign wholesale sales fell 3.4%.

Compared to the previous quarter, foreign wholesale sales decreased 0.8% in Q4.  Excluding petroleum, foreign wholesale sales rose 0.4% from Q3 2023 levels.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!