The Singapore Department of Statistics has reported a significant decline in the country’s wholesale trade for the second quarter (Q2) of 2025. Domestic wholesale sales decreased by 10.9% compared to the same period in 2024. When excluding petroleum, the decline was slightly less severe at 6.2%. Foreign wholesale sales also experienced a downturn, falling by 7.1%. However, when petroleum is excluded, foreign wholesale sales actually saw a modest increase of 1.1%.
These figures highlight the challenges faced by Singapore’s wholesale trade sector amidst fluctuating global market conditions. The exclusion of petroleum from the statistics reveals a more nuanced picture, suggesting that other sectors within the wholesale trade may be performing better than the overall numbers indicate.
The Department of Statistics encourages stakeholders to access the full press release and additional data through their website and the SingStat Mobile App, which has recently been updated with enhanced features. The department also invites the public to follow their Instagram account for more statistical insights.
This downturn in wholesale trade could have broader implications for Singapore’s economy, potentially affecting related industries and employment. As the global economic landscape continues to evolve, businesses and policymakers will need to adapt to these changes to mitigate the impact on the domestic market.
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