Singapore Freight Transport Report Q1 2016
BMI View: We hold a positive view on Singapore's freight transport sector in 2016. Although the highlydeveloped nature of the market means that growth will be steady rather than spectacular, an improvingoutlook in the global economy and ongoing investment in the freight transport network will ensure acontinued expansion this year and beyond.
Trade growth in Singapore will remain positive in both real and nominal terms in 2016 and over ourmedium-term forecast period to 2019. Domestic demand does not paint the whole picture when it comes toSingapore's freight transport sector, however, and as a major global transhipment hub the country handlestrade volumes from all over the world. As such, the freight transport sector can be seen as a barometer forthe global economy.
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