Singapore: Retail Foods
Singapore’s retail foods sector is highly developed, diverse, dynamic and competitive with different market segmentation. It is an open economy and dependent on international trade and imports 90 percent of its food needs. In 2016, Singapore imported $11 billion worth of agriculture, fish and forestry products. The United States was the fourth largest supplier with a market share of 8 percent valued US$872 million. Best U.S. prospects include fish and seafood, dairy products including cheese, meat products, fresh produce, snack foods and processed fruit and vegetables, tree nuts and wines.
