Domestic wholesale trade up 6.4% QoQ in Q2

The growth was driven by expansions in most wholesale trade industries.

Domestic wholesale sales rose 6.4% QoQ in the second quarter of 2022, data from the Department of Statistics Singapore (SingStat) showed.

Singstat said the overall growth was driven by expansions in most wholesale trade industries, led by petroleum which rose 12.2% QoQ. Excluding petroleum, the increase of overall domestic wholesale was only 1.9% QoQ.

Other industries which saw growth during the quarter were Ship Chandlers and Bunkering (+8.6% QoQ); Chemicals and Chemical Products (+7.5% QoQ); Electronic Components (+3.9% QoQ); Telecommunications and Computers (+3.0% QoQ); Industrial & Construction Machinery (+2.7% QoQ); Household Equipment & Furniture (+2.7% QoQ); and Food, Beverages & Tobacco (+1.2% QoQ).

On the other hand, Transport Equipment (-7.0% QoQ), Metals, Timber & Construction Materials (-6.7% QoQ), Other Wholesale Trade (-3.2% QoQ), and General Wholesale Trade (-0.6% QoQ) contracted in Q2.