Thanks to higher prices of petroleum and chemical products.
This chart from the Singapore Department of Statistics (SingStat) shows that the 23.2% YoY sales growth of petroleum products led foreign wholesale trade in Q3.
Chemical products and ship chandlers & bunkering industries also expanded by 12.7% and 7.1%, respectively.
SingStat said the increases were caused by higher prices of petroleum and chemical products.
There were also double-digit increases in foreign sales of furniture at 18.1%, industrial machinery at 17.6%, food & beverages at 17.4%, and electronic components at 12.5%.
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