Vietnam's export situation to Singapore
Export value
Singapore is one of Viet Nam’s important export partners. During the 2015-2025 period, although Viet Nam’s export growth to Singapore was lower than the overall growth of Viet Nam’s global exports, it was still relatively positive, increasing from USD 3.26 billion in 2015 to USD 5.86 billion in 2025, with an average annual growth rate of 7.3%. Notably, in the context of the global economy being negatively affected by high inflation, geopolitical conflicts, and weakening consumer demand, Viet Nam’s exports to Singapore still achieved an impressive 12.91% growth rate in 2025. This figure not only reflects the resilience of bilateral trade flows, but also demonstrates the stable consumption potential and capacity to expand market share in Singapore.
Table: Viet Nam’s Exports to Singapore, 2015-2025
|
Year |
Viet Nam’s export value to Singapore (billion USD) |
Viet Nam-Singapore Export Growth Rate |
Viet Nam’s export growth rate to the world |
|
2015 |
3.26 |
10.69% |
7.86% |
|
2016 |
2.42 |
-25.69% |
8.99% |
|
2017 |
2.98 |
23.11% |
21.82% |
|
2018 |
3.20 |
7.27% |
13.29% |
|
2019 |
3.17 |
-0.67% |
8.58% |
|
2020 |
3.01 |
-5.20% |
6.36% |
|
2021 |
3.97 |
31.84% |
19.31% |
|
2022 |
4.31 |
8.57% |
10.46% |
|
2023 |
4.29 |
-0.45% |
-4.81% |
|
2024 |
5.19 |
21.04% |
14.40% |
|
2025 |
5.86 |
12.91% |
17% |
Source: ITC Trade Map, 2026
Main Export Products and Market Share
Machinery and electrical/mechanical equipment account for a large share of Viet Nam’s exports to Singapore, representing nearly 77% of Viet Nam’s total exports to that market. In addition, Viet Nam exports a wide range of production inputs and consumer goods to Singapore, including glass, mineral fuels, iron and steel, footwear, textiles and garments, cereals, salt, and others.
Among Viet Nam’s key export products to Singapore, Viet Nam ranks among the top five suppliers to that market for 6 out of 10 product groups. However, only a few products hold significant market shares in Singapore, specifically glass products at 44.47%, cereals at 19.99%, footwear at 21.4%, and seafood at 10.28%.
In industrial product groups such as electrical/mechanical machinery and equipment, Viet Nam’s market share remains particularly limited (only around 5%). The main reason is intense competition from major rivals such as China, Japan, the Republic of Korea, and the United States - countries that enjoy superior advantages in technology, production scale, product quality, and supply chain efficiency.
Table: Top 10 products exported by Viet Nam to Singapore in 2025
|
No. |
Description of Goods |
Value (Million USD) |
Share of Singapore’s imports of this product |
Top 5 suppliers to Singapore for this product |
|
1 |
Chapter 85: Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles |
5,152.8 |
3.00% |
Taiwan (China), China, Malaysia, Republic of Korea, Japan |
|
2 |
Chapter 84: Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof |
2,520.1 |
2.35% |
United States, Taiwan (China), China, Malaysia, UK |
|
3 |
Chapter 70: Glass and glassware |
655.0 |
44.47% |
Viet Nam, Japan, China, United States, Laos |
|
4 |
Chapter 64: Footwear, gaiters and the like; parts of such articles |
186.1 |
21.40% |
Italy, China, Viet Nam, Indonesia, Malaysia |
|
5 |
Chapter 27: Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes |
173.5 |
0.22% |
UAE, Malaysia, Republic of Korea, Qatar, Indonesia |
|
6 |
Chapter 25: Salt; sulphur; earths and stone; plastering materials, lime and cement |
108.8 |
9.83% |
Malaysia, Viet Nam, Indonesia, China, Japan |
|
7 |
Chapter 03: Fish and crustaceans, molluscs and other aquatic invertebrates |
96.0 |
10.28% |
Malaysia, Indonesia, Viet Nam, China, Japan |
|
8 |
Chapter 61: Articles of apparel and clothing accessories, knitted or crocheted |
90.4 |
8.53% |
China, Italy, Viet Nam, Indonesia, Malaysia |
|
9 |
Chapter 90: Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof |
86.0 |
0.54% |
United States, Malaysia, China, Germany, Japan |
|
10 |
Chapter 10: Cereals |
81.4 |
19.99% |
Thailand, India, Viet Nam, Australia, United States |
Source: ITC Trade Map, 2026
Source: Center for WTO and International Trade - VCCI
