Vietnam rice export to Singapore is now a promising market that traders should invest in.
Vietnam rice export to Singapore: An overview
Singapore is a market in the group of 10 countries with the largest turnover in total rice exports of Vietnam.
Exceptionally, in the fourth quarter of 2019, Singapore’s rice imports grew strongly from a negative growth rate after the first 9 months of 2019 (decreased by 4.1%) to a positive growth rate of 2019 (rose by 11.98%). ) and increased strongly in 2020 with a very high rate (30.6%)
Vietnam rice export to the Singapore market also witnessed good growth with a turnover of 67.557 million USD (rose by 7.12% compared to 2019) and the volume reached over 86.679 tons (rose by 15.8% over the same period in 2019).
Growing areas of Vietnam rice export to Singapore
- The Mekong Delta is one of the largest and most fertile deltas in Southeast Asia, the largest food production and export area, and the largest tropical fruit tree area in Vietnam with a natural area of 4,092.2 hectares, of which 2,575.2 hectares used for agricultural production, accounting for 62.9% of the total natural land area of the whole region.
- The Red River Delta is known as the second largest rice production area of Vietnam, after the Mekong Delta. As of 2009, the entire Red River Delta region has 607,900 hectares of rice land, with about 70% of the population engaged in agriculture.
Main factors affecting Vietnam rice export to Singapore
The quantity of Vietnam rice export to Singapore is affected by many factors resulting from Vietnam and Singapore’s need
Winter-spring rice yield of the whole country reached 68.6 quintals/ha, increasing by 2.2 quintals/ha compared to the winter-spring crop in 2020. The output reached 20.63 million tons, increasing by 755.1 thousand tons.
Singapore is a country whose food source is completely dependent on imports. At the end of 2019 and the beginning of 2020, Singapore increased rice imports for storage, making the volume of 2020 also increase compared to the same period in previous years. In 2020, the total rice import value of the Singapore market is estimated at 384.481 million USD, up 30.6% over the same period in 2019.
Because of the Covid-19 pandemic, port congestion and late delivery are inevitable. It pushed the logistics charge up, the logistics charge of Vietnamese agriculture currently makes up 30% of product price.
Ways to work with suppliers of Vietnam rice export to Singapore
Importers should be aware of this factors before trading with suppliers of Vietnam rice export to Singapore.
Signs to identify reliable Vietnamese rice suppliers
Customers should consider these signs to find reliable Vietnamese rice exporters.
- Clear address
- Professional website
- Specialized certificates
Typical places to find suppliers of Vietnam rice export to Singapore
These are some places to find suppliers of Vietnam rice export to Singapore.
- On the Internet
Traders can use Amazon, Alibaba,… to order the sample to test the quality or import in bulk following the above order process.
- In trade fairs
Vietnamese rice suppliers usually attend trade fairs annually to introduce the best products with customers. This is a great chance for you to meet the company in person.
Vietnam rice export to Singapore: About K-Agriculture Factory
K-Agriculture Factory is a famous Vietnamese factory producing agricultural products. K-Agriculture Factory is providing rice, coffee, and spices to over 100 countries in the world.
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