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Economic Trends

Distributors’ Expectations Hold After Sector Revenue Topped $8.2T in 2022

It was a second-straight record revenue year for the wholesale trade sector. Here, we break down the key latest figures from the U.S. Census Bureau.

February 10, 2023

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Despite all of the continued challenges the market threw at distributors this past year, 2022 was a second-straight year of record revenue for the sector — and by a healthy margin. The U.S. Census Bureau reported that the overall U.S. wholesale trade sector’s preliminary 2022 full-year sales total was $8.272 trillion, with that total to be revised in March. That preliminary figure bests 2021's record of $7.103 trillion by 16.4%, with that growth percentage trailing the 22% increase seen in 2021. Going further back, 2020’s total revenue was $5.8 trillion, and 2019’s was $6.1 trillion.…

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