Excluding petroleum, domestic wholesale sales grew 31.3% y-o-y in 2Q2021.
Singapore’s domestic wholesale sales grew 49.8% y-o-y in 2Q2021, following the 3.7% y-o-y decline recorded in 1Q2021, according to data released by the Department of Statistics (Singstat) on August 20.
The higher growth is largely due to the low base in 2Q2020 when most major economies were under lockdown due to the Covid-19 pandemic, resulting in a decline in global trade.
