Domestic wholesale trade up 26.6% in Q3

Sales of petroleum and petroleum products ballooned 54.8%.

Singapore’s wholesale domestic trade extended its positive run after surging 26.6% YoY and 9.6% QoQ in Q3, according to a release from the statistics department. Excluding petroleum, domestic wholesale trade rose 4.9% YoY and 2.8% QoQ.

Petroleum and petroleum products booked the largest sales growth at 54.8% on a YoY basis in line with higher product prices followed by household equipment and furniture (20.7%).

Domestic sales of chemicals and chemical products, telecommunications and computers and ship chandlers and bunkering rose by 14.5%, 10.8% and 8.1% respectively.

Meanwhile, domestic sales of metals, timber and construction materials booked the largest YoY decline at 8.7%. Sales of industrial and construction machinery and transport equipment also fell by 5.4% and 0.7% respectively.

Upon price adjustments, overall domestic wholesale trade increased 2.6% YoY and 2.9% QoQ.

Petroleum and related products similarly boosted foreign wholesale trade which rose by 19.1% YoY and 5.6% QoQ in Q3. Upon price adjustments, overall foreign wholesale trade volume dipped 0.4% YoY and rose 0.8% QoQ in Q3.

Also Read

Low inflation in Singapore unlikely to hold in 2Q24

Lower private transport costs ease inflation to 2.7% YoY in March

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!

I want to download the media kit