Two types of Vietnamese rice are very popular in Singapore, some have increased purchasing power by nearly 300%.

Published 2024년 4월 27일

Tridge summary

In the first quarter of 2024, Singapore saw a significant increase in rice imports, with the total value rising by 23.86% to nearly 1.1 million SGD. Vietnam emerged as the leading rice exporter to Singapore, contributing 32.03% to the market, followed by India and Thailand. Vietnam's rice exports to Singapore experienced a notable growth, reaching a turnover of 36.15 million SGD, driven by the demand for sticky rice, milled or peeled fragrant rice, and broken rice. To maintain and grow its market share, the Vietnam Trade Office in Singapore suggested that Vietnamese businesses need to enhance their product quality and competitiveness, as well as boost trade promotion efforts. This includes signing a rice Memorandum of Understanding (MOU) between Vietnam and Singapore to ensure the sustained dominance of Vietnamese rice products in the Singapore market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to statistics from the Singapore Business Administration, in the first 3 months of 2024, the total value of rice imports from the world in the Singapore market increased sharply at 23.86% over the same period, reaching nearly 112% over the same period. .9 million SGD. The Vietnam Trade Office in Singapore said that the first 3 months of 2024 marked the rise of Vietnam, for the first time being the largest rice exporter to the Singapore market in the recent period, accounting for 32.03% of the market. share, turnover is higher than India (6.96%), Thailand (8.28%). India and Thailand hold the next two positions with turnover of 33.63 million SGD and 33.16 million SGD respectively. All three leading exporting countries account for 91.21% of the rice market share in Singapore. According to statistics from the Singapore Business Administration, Vietnam's rice exports to the Singapore market in the first 3 months of 2024 continue to grow very well, reaching a turnover of about ...

Source: Danviet