The transport & storage industry contributed S$18.8 billion or 8.7% to Singapore’s Gross Domestic Product (GDP) in 2006.

Industry Snapshot
Business Costs
Main Transport & Storage Sub-Sectors
Size Of Establishments
For More Information

Industry Snapshot

• There are 9,141 establishments in the transport and storage industry that generate operating receipts of some S$61.2 billion dollars for the economy. In total, they hire 117,857 of Singapore’s workforce.

Facts & Figures (2006)
Total Number of Transport & Storage Establishments	↑ 9,141
Total Number of Workers in the Sector	↑ 117,857
Operating Receipts	↑ S$61.2 billion
Operating Expenditure	↑ S$53.3 billion
Operating Surplus	↓ S$12 billion
Value Added	↓ S$18.8 billion
Profitability Ratio (%)	↓ 19.7 %
Average Annual Remuneration per Employee	↑ S$55,500

↓ decrease from previous year ↑ increase from previous year

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Business Costs

• Transport and storage establishments spend the most on cargo handling and port charges, fuel, and charter services. 

Type Of Cost	% Of Cost (2006)
Cargo Handling & Port Charge	21%
Fuel	16.8%
Charter Fees	15.1%
Remuneration of Employees	11.8%
Depreciation	7.7%
Commission & Agency Fees	4.7%
Admin Charges	4.1%
Maintenance of Transport Machinery & Equipment	3.3%
Sub-contracted Work	1.7%
Rental of Offices & Other Premises	1.4%

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Main Transport & Storage Sub-Sectors

• The land transport sub-sector has the largest number of workers (29,742) and establishments (3,962), while the water transport sub-sector contributes the most to the sector’s operating receipts (S$33.5 billion).

Main Transport & Storage Sub-Sectors	No. Of Establishments	Operating Receipts (S$ million)	No. Of Workers
Land Transport	3,962	3,877	29,742
Water Transport	2,158	33,504	26,575
Air Transport	113	18,091	23,207
Storage & Warehousing	334	1,635	6,264
Postal & Courier	547	1,343	6,956
Other Transport Services	2,027	2,738	25,113

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Size Of Establishments

• The majority of establishments (98.4%) have fewer than 100 workers. They contribute less than half (35.8%) of the sector’s operating receipts.
  
  
• Only 0.8% of establishments have 200 or more workers but they contribute the largest share (58.7%) of the sector’s operating receipts.

Size Of Establishment	No. Of Workers	No. Of Establishments	Operating Receipts (S$)
Small	<100	8,994	21.9 billion
Medium	100 - 199	72	3.4 billion
Large	≥ 200	75	35.9 billion

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For More Information

Economic Surveys Series 2006: Transport & Storage Services
Singapore Department of Statistics (DOS)

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