For the first time, Vietnam reached the threshold of the largest rice exporter to the Singapore market

Published 2024년 4월 20일

Tridge summary

In the first quarter of 2024, Vietnam's rice exports to Singapore have surged by 80.46%, reaching a turnover of 36.15 million SGD, primarily due to significant increases in the exports of sticky rice, milled or peeled fragrant rice, and broken rice. This growth has positioned Vietnam as the leading rice exporter to Singapore, overtaking traditional leaders like India and Thailand. The country now commands a substantial market share, particularly in sticky rice and milled or peeled fragrant rice, which dominate the Singapore market with 80.08% and 73.33% shares respectively. This achievement is attributed to Vietnam's competitive edge over its main rivals, Thailand, India, and Japan, in these specific rice categories.

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

Original content

In terms of turnover, it is higher than India (6.96%) and 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 36.15 million SGD, an increase of 80.46 million. % compared to the same period in 2023. Illustration The decline of groups such as regular brown rice and white rice was offset by the very strong increase of sticky rice groups (turnover of 3.79 million SGD, an increase of 221.76%), milled or peeled fragrant rice. (turnover 18.06 million SGD, up 291.17%) and broken rice (turnover 575,000 SGD, up 111.4%). Besides Vietnam's traditional strong product, white rice, ...

Source: Voh