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S’pore domestic, foreign wholesale trade down on-year – Channel News Asia

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S’pore domestic, foreign wholesale trade down on-year – Channel News Asia

SINGAPORE: Singapore’s domestic and foreign wholesale trade decreased year-on-year, according to the second quarter wholesale trade index released by the Department of Statistics.

Compared to the same period a year ago, domestic wholesale trade dipped 1.1 per cent in the second quarter 2013.

Excluding petroleum, domestic wholesale trade remained at the same level compared to a year ago. After adjusting for price changes, domestic wholesale trade registered a year-on-year increase of 4.9 per cent.

The general wholesale trade sector reported the largest year-on-year decline (16.1 per cent) in domestic sales among all wholesale sectors.

In contrast, the electronic components saw domestic sales rise 15.1 per cent, while the telecommunications and computer sectors increased 10.1 per cent.

Compared to the first quarter of this year, Singapore’s domestic wholesale trade (seasonally adjusted) rose 1.1 per cent in the second quarter 2013. Excluding petroleum, domestic wholesale trade grew by 4.0 per cent. After adjusting for price changes, domestic wholesale trade increased 4.7 per cent quarter-on-quarter.

Meanwhile, Singapore’s foreign wholesale trade declined 1.4 per cent year-on-year, partly due to a drop in foreign sales of petroleum and petroleum products.

Excluding petroleum, foreign wholesale trade rose 1.1 per cent. After adjusting for price changes, foreign wholesale trade increased 5.2 per cent.

Compared to the same period a year ago, the industrial and construction machinery sector reported a decline of 27.9 per cent in foreign sales.

The metals, timber and construction materials sector recorded an increase of 31.8 per cent in foreign sales, compared to a year ago. Sectors that also registered growth in foreign sales included electronic components (9.6 per cent) and chemicals and chemical products (2.1 per cent).

Compared to the first quarter of this year, Singapore’s foreign wholesale trade (seasonally adjusted) decreased 3.4 per cent in the second quarter 2013.

Excluding petroleum, foreign wholesale trade fell 3.0 per cent over the previous quarter. After removing price effects, foreign wholesale trade dipped 1.7 per cent. 


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