Domestic wholesales jump 5.1% QoQ in Q1

The increase was buoyed by expansions in several industries.

Domestic wholesales increased by 5.1% quarter-on-quarter (QoQ) in the first quarter (Q1), data from the Department of Statistics Singapore (SingStat) showed.

Excluding petroleum, the overall increase for wholesale trade would have been 5.2%.

The increase in overall wholesale trade was buoyed by expansions in several industries, according to SingStat.

These industries include chemicals and chemical products, and electronic components, which saw a 12.0% QoQ and 11.3% QoQ jump, respectively, on the back of higher sales of petrochemicals, semiconductors, and microchips.

Other industries that recorded increases were metals, timber, and construction (+7.5%); industrial and construction machinery (+3.9%), other wholesale trade (+20.0%), and petroleum and petroleum products (+5.0%).

The other half of the industries, however, namely food, beverages and tobacco (-1.6%); telecommunications and computers (-2.4%); ship chandlers and bunkering (-1.3%); household equipment and furniture (-4.9%); and general wholesale trade (-8.2%) all declined in Q1.

Follow the link for more news on

Join Singapore Business Review community
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!