Transport and storage services total value added down 20% in 2009

While total operating receipts generated by the transport and storage services industry is 16.2% lower compared with 2008.

It generated $70.9 billion in 2009, according to Singapore's Department of Statistics. On a per establishment basis, operating receipts decreased by 10.4% in 2009 over 2008.

Total value added recorded by overall transport and storage services was $13.5 billion in 2009, 20.0% lower compared to the previous year. The drop was mainly due to lower value added registered by water and air transport services in 2009. On a per establishment basis, value added decreased by 14.5% to $2.1 million in 2009.

Total operating expenditure incurred declined by 10.3% from $74.5 billion in 2008 to $66.8 billion in 2009. Correspondngly, operating expenditure per establishment decreased by 4.1% to $7.3 million in 2009.