Browse Data and Analysis

Singapore’s economy expanded 4.4 percent in 2024 and is expected to slow in 2025 due to global uncertainties and trade conflicts.

Venezuelan agricultural imports in 2024 grew 9 percent year-on-year to $3 billion. Agricultural imports experienced a 15 percent year-on-year increase in volume, driven by rising demand and a slight reduction in import prices.

The Report provides information on the regulations and procedures for the importation of food and agricultural products from the United States to Singapore.

The report discussed food and agricultural export product certificate required by the Singapore Government.

This report identifies the export certification requirements for agricultural and food products.

This report is an annual update of Venezuela’s agricultural product import standards and enforcement mechanisms for U.S. exporters of agricultural commodities, foods, and beverages.

Singapore’s hotel, restaurant, and institutional (HRI) sector is vibrant, dynamic and highly competitive with sales totaling $9.4 billion USD in 2023. Consumption patterns are mainly driven by convenience, technology, and changing demographics, health and international food trends with a focus on sustainability and influences by social media (Facebook and Instagram).

The Venezuelan private sector supports biotechnology use and application. Nevertheless, the Venezuelan authority maintains a ban on the domestic use and research of modern biotechnology-derived agriculture.

This report outlines market conditions and opportunities for U.S. agricultural exports to expand or enter the Venezuelan market. While the economy stagnated in 2023, Venezuela is the sixth largest South American destination for U.S. agricultural and related product exports.

Singapore’s economy has rebounded post COVID-19 pandemic. The city-state is heavily reliant on imports of food and energy, the food and beverage industry are largely driven by international tourism and consumer spending.

The report discussed food and agricultural export product certificate required by the Singapore Government.

In calendar year 2023, Venezuelan agricultural imports dropped 8 percent year-on-year to $2.7 billion. By volume, however, agricultural imports increased 4 percent year-on-year owing to a decrease in import prices. Agricultural imports from the United States totaled $675 million, down 9 percent from 2022.