SINGAPORE - Domestic wholesale trade in Singapore contracted by 13.8 per cent in the third quarter of this year compared to the same period in 2015, said the Department of Statistics Singapore on Friday (Nov 18) in its latest report.
While still on a decline, the drop was less than the 20.5 per cent year on year fall in the second quarter.
Excluding petroleum, domestic wholesale trade fell 10.6 per cent.
The decline in nominal domestic wholesale trade value was due partly to lower prices of petroleum and chemical products. After adjusting for price changes, overall domestic wholesale trade registered a smaller year on year decrease of 5.1 per cent.
On a quarter on quarter basis, domestic wholesale trade dipped by 0.3 per cent in July-September quarter over the previous three months. Excluding petroleum, it rose 1.1 per cent. After removing the price effect, overall domestic wholesale trade declined 1.9 per cent over the previous quarter.
Foreign wholesale trade fell 8.8 per cent, due partly to lower prices of petroleum and chemical products. Excluding petroleum, it dropped 5.7 per cen. After adjusting for price changes, overall foreign wholesale trade edhed up 0.8 per cent.
Compared to the second quarter, foreign wholesale trade rose 3.6 per cent in third quarter. Excluding petroleum, it expanded by 6.8 per cent over the previous quarter. After removing the price effect, overall foreign wholesale trade registered an increase of 3.2 per cent.
