Staff Reporter , Singapore
Petroleum products lead the increase with a 100% increase YoY.
The Department of Statistics Singapore saw a 47.3% increase year-on-year for foreign wholesale trades during the second quarter of 2021.
The value is 5.2% more than the previous quarter.
Major contributors for this quarter’s performance include petroleum products, transport equipment, and chemicals and chemical products at 100.4%, 88.6%, and 45.4% increase, respectively. Higher oil prices were the main factor that improved these sectors.
Overall, all sectors recorded an increase in trade.
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