Business

Vietnam remains Singapore’s third-largest rice supplier

In the first half of 2025, Singapore imported rice products worth 60.9 million SGD (over 47.7 million USD) from Vietnam, accounting for 24.5% of the country’s total rice imports.

Workers package rice for export at the Thao Son food factory (Photo: VNA)
Workers package rice for export at the Thao Son food factory (Photo: VNA)

Hanoi (VNA) – Vietnam has maintained its position as the third-largest rice supplier of Singapore, according to data from Singapore’s Accounting and Corporate Regulatory Authority, cited by the Vietnam Trade Office in Singapore.

In the first half of 2025, Singapore imported rice products worth 60.9 million SGD (over 47.7 million USD) from Vietnam, accounting for 24.5% of the country’s total rice imports. The value marked a 17.1% decline year-on-year, which may be attributed to falling export prices.

Vietnam’s Ministry of Agriculture and Environment reported that the country’s average export price for rice during this period was estimated at 517.5 USD per tonne, down 18.4% from the same period in 2024.

Among Vietnamese rice categories in the Singaporean market, white rice posted the highest import value, reaching 38.6 million SGD in the first six months of 2025, an 11.9% increase year-on-year, capturing 29.6% of the market. Despite facing competition from more than 20 international suppliers, Vietnam ranks second in Singapore’s white rice imports, behind India, which posted 60.9 million SGD in sales and a 46.7% market share.

In addition to white rice, two other Vietnamese rice categories recorded strong import values: milled fragrant rice and glutinous rice, with respective import values of 15.5 million SGD and 4.7 million SGD. These accounted for 57% and 61% of Singapore’s market share in their respective segments. Despite a slight drop in import values compared to the same period in 2024, Vietnam continues to lead as Singapore’s top supplier in these two categories.

In the first half of 2025, Singapore imported 248.9 million SGD worth of rice, up 10.8% year-on-year. India and Thailand remained the top suppliers, with Vietnam holding the third place.

According to the Vietnam Trade Office in Singapore, while the size of Singapore’s rice import market has remained stable, Vietnamese rice faces intense competition from Indian, Thai and Japanese products. A proposed bilateral rice trade agreement between Vietnam and Singapore is expected to help stabilise Vietnam’s rice exports to the city-state in the near future./.

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