With over 50,000 businesses contributing to over 320,000 jobs, wholesale trade is an important part of Singapore's economy. It is one of Singapore's largest and most diverse industries, with plenty of room for advancement for those with skill and specialisation in this industry.
In a marketplace filled with buyers and sellers, the wholesale trade industry specialises in minimising transaction costs, matching supply and demand, and producing genuine added value for all stakeholders. The wholesale trade industry is one of Singapore’s largest industries with a significant contribution to the national economy, accounting for 12% of GDP and employing over 9% of the local labour.
The business-to-business (B2B) transaction of goods is referred to as wholesale trade. Singapore trades a wide range of products, from commodities to industrial and consumer goods. Brand owners, distributors of other companies’ brands, trading arms of manufacturers and retailers, and large commodities trading houses are all examples of wholesale trade companies.