Last year, the city-state imported seafood from nearly 100 countries and territories, with total value approximating SGD1.17 billion (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 (HS0306), accounting for 23.74% of total consumption; frozen fish (HS0303), 18.84%; fresh or chilled fish (HS0302), 18.08%; fish fillets and frozen or chilled fish meat (HS0304), 16.94%; and mollusks (HS0307), 11.29%. Other categories, including fresh fish, processed fish, and aquatic products, held smaller shares of 3.36%, 5.04%, and 2.71%, respectively.
Among Singapore’s top 15 seafood suppliers, Malaysia retained its leading position with a 12.98% market share, followed by Indonesia (11.05%), Norway (10.16%), China (9.98%), and Vietnam (9.68%).
Vietnam’s seafood export value to Singapore rose by 4.99% in 2024, reaching nearly SGD113.37 million. Notably, the shipments of mollusks surged by 117.92%. However, exports of fresh or chilled fish, frozen fish, and aquatic products recorded respective declines of 48.59%, 30.1%, and 31.82%.
Cao Xuan Thang, Vietnam’s Trade Counsellor in Singapore, emphasised Vietnam’s crucial role in the market. However, to sustainably increase its market share and export value, Vietnam must further enhance product quality, leverage logistical advantages, and minimise costs to strengthen its competitiveness in Singapore, he noted.
Source: VOV
(seafood.vasep.com.vn) In the final quarter of 2024, Vietnam’s surimi and fish cake exports showed consistent growth over the last three months. For the entire year 2024, exports of these products reached USD 298 million, down 2% compared to 2023. However, the final quarter saw more promising signs for the surimi and fish cake export sector, with some markets experiencing notable growth, such as Thailand, China, and Taiwan. Particularly, exports to Taiwan, which had seen continuous declines in the previous two quarters, surged by 301% in this quarter.
(seafood.vasep.com.vn) Another year of pride for Vietnam's pangasius exports has concluded, reaching over USD 2 billion and contributing 20% to Vietnam's total seafood export turnover.
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.
(seafood.vasep.com.vn) Despite facing numerous challenges in the second half of the year, Vietnam's canned tuna exports concluded 2024 with a 17% increase compared to 2023, reaching USD 299 million. To maintain this growth momentum in 2025, the canned tuna production and export sector requires coordinated efforts from all stakeholders.
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
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