The surge in domestic sales of the ship chandlers & bunkering (74.1%) & petroleum & petroleum products (54.4%) were attributable to a sharp increase in oil prices.
Singapore’s domestic wholesale trade expanded 34.9% y-o-y in the 4Q in 2021, according to figures released by the Department of Statistics Singapore (Singstat) on Feb 18.
The growth was attributed to growths in all wholesale trade industries during the quarter, led by the ship chandlers & bunkering, chemicals & chemical products, and petroleum & petroleum products industries.
