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U.S. agricultural exports to Southeast Asia have experienced extremely rapid growth in recent years and, in FY 2014, they climbed to a record $11.5 billion – up 11 percent from FY 2013.
Singapore is a leading market for high-value consumer-oriented products. The market is very dynamic, with interest in new products, yet also very competitive.
Singapore’s retail foods market is diverse, dynamic, and extremely competitive. Almost all retail food is imported.
Young, urban consumers in emerging markets with rising disposable incomes helped propel global imports of confectionery products to $21 billion in calendar year 2013.
While trade in chocolate confectionery remains small relative to overall demand, U.S. exporters are finding opportunities in both developed and emerging markets around the globe.
Singapore has no significant import barriers to products containing GE ingredients or products derived from GE crops.