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

domestic and foreign wholesale trade

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

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