Singapore's Wholesale Trade Sector

The wholesale trade sector is the largest services sector in Singapore, accounting for 18.6 per cent of Singapore’s nominal value-added (VA) in 2022. This article examines recent trends in the performance of the wholesale trade sector, as well as its near-term outlook.

Activities in the wholesale trade sector range from the buying and selling of goods to storage and warehousing, as well as marketing

Wholesalers purchase goods in bulk from domestic or foreign manufacturers or other suppliers. They may then store these goods in warehouses, thereby reducing the storage and inventory management burden of manufacturers. To sell the goods purchased, wholesalers leverage their network of existing and past clients, as well as engage in marketing to attract new ones. Once the goods have been sold, wholesalers fulfil the orders through a distribution system. Wholesalers may also offer other services to their clients such as marketing support, training, post-sales services and financing.

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