Statistics from the Singapore Enterprise Management Bureau show that from January to September 2025, Singapore imported a total of SGD 87.8 million (approximately USD 67.5 million) worth of rice (code 1006) from Vietnam, a decrease of 11.5% year-on-year, accounting for 25.3% of Singapore's total rice imports. Despite the overall stability of Singapore's rice market, the amount of rice exported from Vietnam to Singapore has decreased, primarily due to the drop in Vietnamese rice export prices in 2025 compared to 2024.
In the structure of Vietnam's rice exports to Singapore, white rice (code 10063099) is the highest in import value. From January to September 2025, Singapore imported white rice worth SGD 53.2 million from Vietnam, a year-on-year increase of 10.1%, accounting for 31% of the total imports of this category. White rice is a category with a relatively dispersed import source in Singapore, involving over 20 supplier countries. Currently, Vietnam ranks second in this category, following India (import value of SGD 75.2 million, accounting for 43.8%).
In addition to white rice, Vietnam has two other types of rice products with a relatively high share in the Singapore market: husked/peeled fragrant rice (code 10063070) and glutinous rice (code 10063030). From January to September 2025, Singapore imported these two types of rice worth SGD 24.6 million and SGD 6.7 million from Vietnam, respectively, accounting for 59.7% and 63.2% of the total imports of the respective categories. Despite the impact of the overall drop in rice prices, the import value of these two categories decreased year-on-year, but Vietnam still maintains its leading position in the Singapore market.
The Vietnam Trade Office in Singapore stated that Singapore's domestic rice market has become saturated. With the import volume remaining stable, Vietnamese rice still faces fierce competition from India, Thailand, and Japan. Currently, Singapore and Vietnam are studying the signing of a rice trade cooperation agreement, which is expected to help stabilize Vietnam's rice supply to Singapore in the future.
Data from the Singapore Enterprise Management Bureau also shows that from January to September 2025, Singapore imported a total of approximately SGD 347.5 million worth of rice from around the world, a year-on-year increase of 3.4%.
In terms of supplier structure, from January to September 2025, India remained Singapore's largest rice supplier, with an import value of nearly SGD 114 million from this market, accounting for 32.8% of the market share, with the main imported categories being white rice (10063099) and parboiled rice (10063091). Thailand ranked second, with an import value of SGD 112.8 million from this market, accounting for 32.5%, with the main imported products being Thai jasmine rice (10063040).