Vietnam maintained its position as the fifth-largest seafood exporter to Singapore for 12 consecutive months, surpassing Japan for the first time in 2024, amid the intensifying competition in this market.
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A fisherman works on a boat in southern Ca Mau Province. Photo by VnExpress/An Minh |
Last year, the city-state imported seafood from nearly 100 countries and territories, with total value approximating US$865 million, marking a 2.58% decline compared to 2023.
The main seafood products dominating Singapore’s market included crustaceans such as shrimp and crabs, fresh or chilled fish, and mollusks. Other categories include fresh fish, processed fish, and aquatic products.
Among Singapore’s top 15 seafood suppliers, Malaysia retained its leading position with a 13% market share, followed by Indonesia, Norway, China and Vietnam.
Vietnam’s seafood export value to Singapore rose by 5% in 2024. Notably, the shipments of mollusks surged by 118%. However, exports of fresh or chilled fish, frozen fish, and aquatic products recorded respective declines of 49%, 30%, and 32%.
