The seafood exports from Vietnam to Singapore have shown significant fluctuations from 2013 to 2023. The value of exports in 2023 stood at $5.6498 million. This period recorded notable yearly variations, with substantial peaks in 2015 (93.11%) and dips in 2014 (-25.26%) and 2017 (-19.82%). The last two years, 2022 and 2023, saw more stable growths of 10.18% and 4.37%, respectively. The Compound Annual Growth Rate (CAGR) over the past five years averaged 3.12%.
Future trends to watch for include further steady growth in seafood exports driven by Vietnam’s improved production capabilities and expanding trade relations with Singapore. The forecasted CAGR for the next five years is 3.12%, indicating a positive growth trajectory, with a cumulative growth rate of 16.62% by 2028.
