Regarding the demand for major rice varieties, in the first 6 months of 2025, Singapore continued to boost the import of white rice (10063099), worth up to 130 million SGD (up 83.7% over the same period in 2024), this group accounted for nearly 52.4% of Singapore's total rice import (1006).
Hom Mali white rice ranked second in terms of demand, with an import value of SGD 44.2 million (up 11.8%), accounting for 17.8% of the total. Following that was the group of milled/hulled fragrant rice (10063070), with an import value of SGD 27.1 million (down 31%), accounting for 10.9% of the total.
The remaining rice groups have a total import value of about SGD 29.4 million, accounting for no more than 4% of each group and most of them are showing a downward trend in value (from -14% to nearly -47%), except for two brown rice groups (10062090 and 10062010) which recorded an increase in imports (5.1% and 7.4% respectively).
Regarding partners, in the first 6 months of 2025, India is currently the largest rice supplier to the Singapore market with an import value of 87.8 million SGD, accounting for 35.3% of the total imported rice market share. Regarding rice from India, Singapore currently focuses on importing two main groups: white rice (10063099) and parboiled rice (10063091).
Thailand is currently the second largest rice supplier to the Singapore market with an import value of SGD 76.2 million, accounting for 30.6% of the market share. Unlike rice from India, Singapore currently focuses on importing Hom Mali white rice (10063040) from Thailand.
Vietnam is currently the third largest rice supplier in the Singapore market, capturing a high market share in the white rice (10063099) and milled/hulled fragrant rice (10063070) groups.
In the first 6 months of 2025, the import value of rice products in general (1006) from Vietnam to Singapore reached 60.9 million SGD, down 17.1% over the same period in 2024, accounting for 24.5% of the total imported rice market share in this market. Although the size of the Singapore market has not changed significantly, in terms of import value, the total import value of rice from Vietnam to Singapore decreased by 17.1% over the same period, possibly due to the decrease in export rice prices compared to 2024. According to a report by the Ministry of Agriculture and Environment of Vietnam, the average export price of rice in the first half of 2025 is estimated at 517.5 USD/ton, down 18.4% over the same period in 2024.
Currently, white rice (10063099) is the group with the highest import value among Vietnam's rice product groups in the Singapore market, in the first 6 months of 2025, reaching 38.6 million SGD, an increase of 11.9% over the same period in 2024, accounting for 29.6% of the market share. According to statistics from the Singapore Enterprise Management Authority, white rice (10063099) is the group in which Singapore has a high level of diversity of foreign supply sources (over 20 partner countries). However, Vietnam's market share in this group is currently second only to India (60.9 million SGD, accounting for 46.7% of the market share).
In addition to white rice, Vietnam has two other groups with high import value to the Singapore market, namely fragrant milled/hulled rice (10063070) and glutinous rice (10063030), with import value in the first 6 months of the year reaching 15.5 million USD and 4.7 million USD, respectively, accounting for 57% and 61% of the import market share in Singapore. Although the import value of these two groups from Vietnam to Singapore continues to show signs of decreasing compared to the same period in 2024, Vietnam is still temporarily holding the leading position in the import source of these two groups to Singapore.
The Vietnam Trade Office in Singapore also stated that in the coming time, with the scale of the imported rice market in Singapore remaining stable, Vietnamese rice will continue to face strong competition from similar products from India, Thailand and Japan. The Singaporean Government's proposal to sign a bilateral trade agreement on rice with Vietnam may contribute to stabilizing rice exports to Singapore in the coming time.
Source: https://moit.gov.vn/tin-tuc/thi-truong-nuoc-ngoai/viet-nam-duy-tri-vi-tri-doi-tac-xuat-khau-gao-lon-thu-3-tai-thi-truong-singapore.html
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