Singapore: Food Service - Hotel Restaurant Institutional
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Singapore has a highly developed and competitive hotel, restaurant and institutional (HRI) industry that is fueled by robust tourism and consumer spending. As there is minimal local agricultural production, the country’s HRI sector is highly dependent on imports for its food and beverage requirements. In 2018, the country’s tourist receipts topped $27 billion USD, of which $2 billion USD was derived from food and beverage sales. Top U.S. product prospects for the Singaporean HRI industry include dairy, pork, processed vegetables, wine & beer, and beef.