Domestic wholesale sales fall 7.2% in Q1 YoY

Excluding petroleum, domestic wholesale sales dropped by 7.8% YoY.

Domestic wholesale sales decreased by 7.2% year-on-year (YoY) in Q1 2025, SingStat reported.

Excluding petroleum, domestic wholesale sales dropped by 7.8% YoY.

Domestic sales of the Chemicals & Chemical Products industry dropped 36.7% YoY due to lower demand for petrochemical products. 

The Industrial & Construction Machinery and Telecommunications & Computers industries also fell by 21.0% and 18.6%, respectively, due to lower sales of industrial and construction equipment and computer hardware.

On the flip side, domestic sales of the General Wholesale Trade and Transport Equipment industries went up by 31.5% and 16.2%, respectively, driven by continued elevated sales of commodities and motor vehicles.