Domestic wholesale sales up 20.3% in Q2

Foreign wholesale sales grew 28.6% YoY.

Domestic wholesale sales rose 20.3% year on year in the second quarter of 2026, according to the Singapore Department of Statistics.

Excluding petroleum, domestic wholesale sales increased 21.4% to about $55b.

On a seasonally adjusted quarter-on-quarter basis, sales grew 13.5%, or 10% excluding petroleum.

General wholesale trade recorded a 67% year-on-year increase in domestic sales, driven by higher commodity sales volumes and prices. Ship chandlers & bunkering sales rose 56.5% on higher bunker fuel prices.

Metals, timber & construction materials sales fell 23.6% due to lower metals sales volumes.

Meanwhile, foreign wholesale sales rose 28.6% year on year to an estimated $1.191t. Excluding petroleum, foreign sales increased 21.9% to about $663b.

On a seasonally adjusted quarter-on-quarter basis, foreign wholesale sales grew 16.7%, or 8.4% excluding petroleum.

Electronic Components recorded a 54.4% YoY increase in foreign sales on higher prices and sales volumes. Telecommunications & computers sales rose 39.6% on higher sales volumes of computer hardware and accessories.

Other wholesale trade sales fell 1.6% due to weaker global demand for agricultural products.

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