Singapore's wholesale trade rises 5.1% in third quarter

Singapore's domestic wholesale trade rose 5.1 per cent in the third quarter of this year compared to the same period a year ago, according to figures released by the Department of Statistics on Wednesday. -- ST FILE PHOTO: KUA CHEE SIONG
Singapore's domestic wholesale trade rose 5.1 per cent in the third quarter of this year compared to the same period a year ago, according to figures released by the Department of Statistics on Wednesday. -- ST FILE PHOTO: KUA CHEE SIONG

Singapore's domestic wholesale trade rose 5.1 per cent in the third quarter of this year compared to the same period a year ago, according to figures released by the Department of Statistics on Wednesday.

Excluding petroleum, domestic wholesale trade grew by 2.8 per cent.

Double-digit expansion in domestic sales was registered in two sectors: electronic components, and industrial and construction machinery,

Other sectors - such as general wholesale trade; telecommunications and computers; food, beverages and tobacco; petroleum and petroleum products; and chemicals and chemical products - also grew from last year.

Foreign wholesale trade expanded 6.9 per cent over the same period, boosted by double digit growth in the metals, timber and construction materials, electronic components, and ship chandlers and bunkering sectors.

Adjusting for price changes, domestic and foreign wholesale trade would have grown a faster 6.5 per cent and 7.4 per cent respectively.