In 2025, Viet Nam will maintain its position as the third largest seafood supplier to the Singapore market, with import value reaching SGD 125.5 million, accounting for 10.3% of the market share.

Seafood imports into Singapore have increased sharply.

According to the Viet Nam Trade Office in Singapore, statistics from the Singapore Enterprise Agency show that in 2025, the total value of Singapore's seafood imports from the world will reach SGD 1.2 billion, an increase of 4.2% compared to the same period in 2024.

Regarding demand for major seafood products, the Singapore market continues to have relatively balanced demand for four groups: fresh/chilled fish excluding fillets and fish meat (0302); frozen fish excluding fillets and fish meat (0303); chilled/frozen fillets and fish meat (0304); and processed/unprocessed crustaceans (0306), with import values ​​for each group exceeding SGD 200 million for the whole year of 2025 (equivalent to approximately SGD 17-25 million/month).

Of these, processed/unprocessed crustaceans (0306) is the group with the highest import value, reaching SGD 292.8 million for the whole year (equivalent to approximately SGD 25.4 million/month), accounting for 24% of Singapore's total seafood import value. By the end of 2025, all four groups mentioned above are expected to record positive growth at an average of 5.6% compared to the whole year of 2024.

In addition to the four main groups above, statistics also show that the Singapore market has import demand for the following groups: live fish (0301); processed fish (0305); processed/unprocessed molluscs (0307); and processed/unprocessed aquatic invertebrates excluding crustaceans/molluscs (0308).

Among them, the highest import value for the whole year was the processed/unprocessed molluscs group (0307), reaching over 139.5 million SGD. The group with the lowest import value was processed/unprocessed aquatic invertebrates excluding crustaceans/mollusks (0308), only 25.5 million SGD, which also continued to see a sharp decline in demand in the Singapore market, decreasing by nearly 20% in import value compared to the same period in 2024 (the whole year 2024 also decreased by 21% compared to the same period in 2023).

Viet Nam is Singapore's third-largest seafood supplier.

Regarding partners, in 2025, Malaysia and Indonesia are currently the largest and second largest suppliers of seafood to the Singapore market, with import values ​​reaching SGD 159.5 million and SGD 139.1 million respectively, accounting for 13.1% and 11.4% of the total seafood import market share in Singapore. For seafood from Malaysia and Indonesia, Singapore currently focuses on importing two main groups: processed/unprocessed crustaceans (0306) and fresh/chilled fish excluding fish fillets and fish meat (0302).

For the whole year of 2025, Viet Nam successfully maintained its position as the 3rd largest seafood supplier to the Singapore market with import value to Singapore reaching 125.5 million SGD, accounting for 10.3% of the market share with 2 main groups: chilled/frozen fish fillets and fish meat (0304) and processed/unprocessed crustaceans (0306).

Vietnamese seafood exports to Singapore will generally continue to face competition from Norwegian, Japanese, and Chinese seafood. Specifically: Norway continues to lead in the fresh/chilled fish group excluding fish fillets and fish meat (0302) with 42.5% of Singapore's import market share for this group; China recently surpassed Norway in Q3/2025 to become the 4th largest seafood supplier in Singapore, after Viet Nam, and continues to maintain its export strength in processed/unprocessed crustaceans (0306) and processed/unprocessed mollusks (0307), directly competing with products from Viet Nam; Japan also recently surpassed Norway to become the 5th largest seafood supplier in Singapore, after China, with a strong export position in frozen fish groups excluding fish fillets and fish meat (0303) and processed/unprocessed mollusks (0307).

For the whole year of 2025, the value of seafood imports (HS03) from Viet Nam to Singapore reached SGD 125.5 million, an increase of 10.7% compared to the same period in 2024, accounting for 10.3% of the total seafood import market share in this market. Viet Nam maintained its position as the third largest supplier of seafood to Singapore, after Malaysia and Indonesia.

Currently, chilled/frozen fish fillets and fish meat (0304) are the highest value imported group among Vietnamese seafood groups into the Singapore market, reaching SGD 63 million in 2025, an increase of 4.8% compared to the same period in 2024, accounting for 29.7% of the market share. This is also the seafood import group where products from Viet Nam maintain a dominant position in the Singapore market.

Throughout 2025, besides fish fillets and chilled/frozen fish meat (0304), Viet Nam currently only has two other groups with significant import value into the Singapore market: processed/unprocessed crustaceans (0306) and processed/unprocessed mollusks (0307), reaching SGD 28.6 million and SGD 15.8 million respectively, accounting for 9.8% and 11.4% of the market share. Import value into Singapore is also currently recording positive growth (25.4% and 35.8%) throughout 2025.

The trade agreement also noted that, in the coming period, with the scale of the seafood import market in Singapore remaining stable, Viet Nam will continue to maintain a high market share for chilled/frozen fish fillets and fish meat (0304). However, for other groups, especially the two groups of processed/unprocessed crustaceans (0306) and processed/unprocessed mollusks (0307), in addition to competition from seafood originating from Malaysia and Indonesia, Vietnamese seafood will also have to continue competing with seafood from several countries such as China, Japan and Norway.

In recent years, Viet Nam's seafood industry has made significant progress in the Singapore market. In 2024, Viet Nam surpassed Japan for the first time, consistently maintaining its position as Singapore's 5th largest seafood export partner for 12 consecutive months. In the first quarter of 2025, Viet Nam further surpassed China to become Singapore's 4th largest seafood export partner. With impressive export figures for the whole of 2025, Viet Nam successfully defended its position as Singapore's third largest seafood supplier, behind only Malaysia and Indonesia. This represents a leap from the Top 6 to the Top 3, a remarkable achievement for Viet Nam's efforts in promoting and penetrating the Singapore seafood market.

Source:  Industry and Trade News