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Overview of Singapore's Wholesale Trade Sector

Overview of Singapore's Wholesale Trade Sector

OVERVIEW OF SINGAPORE’S WHOLESALE TRADE SECTOR

The wholesale trade sector is a major component of Singapore’s services sector and an important engine of growth for the Singapore economy. Foreign wholesale trade, in particular, is playing an increasingly dominant role, due to strong growth in our re-exports and offshore trade. Despite the short-term headwinds facing the sector arising from the global economic crisis, its longer term outlook remains positive as Singapore is moving into new offshore trading products and opening up new export markets.

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