Foreign wholesale trade up by 13.6% QoQ in Q1

On a yearly basis, it grew by 46.7%.

The foreign wholesale trade increased by 13.6% quarter-on-quarter (QoQ), on a seasonally-adjusted basis in the first quarter of 2022, with petroleum and petroleum products reporting the highest growth, Department of Statistics, said.

Excluding the petroleum industry, foreign wholesale sales rose by 6.7% QoQ, on a seasonally-adjusted basis.

Petroleum and its related products rose by 21.6% QoQ in the wake of global oil price hike whilst foreign sales of electronic components and transport equipment rose by 16.3% and 15.4% QoQ, respectively. This was due to higher demand for semiconductors and motor vehicles.

However, ship chandlers and bunkering and general wholesale trade industries declined by 1.8% and 1.1%, respectively.

On a yearly basis, foreign sales went up by 46.7%; whilst, excluding petroleum, it rose by 25.1%.

Foreign sales of petroleum and its related items climbed to 77.6% year-on-year because of higher global prices of crude oil and petrochemicals.

Follow the link for more news on

Department of Statistics

domestic and foreign wholesale trade

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia