Cephalopod exports to Japan up in last months of 2020

(seafood.vasep.com.vm) Japan is Vietnam's second largest market for cephalopod exports, accounting for 22%. After a decline in the first three quarters of the year, the export of cephalopod to this market recovered in the fourth quarter 2020, reaching nearly $33 million, up by 1.4% over the same period in 2019. Total cephalopod exports of Vietnam to Japan in 2020 reached 121 million USD, down 14% compared to 2019.

Cephalopod exports to Japan up in last months of 2020

Japan is Vietnam's largest squid import market and squid also accounts for a larger proportion (58%) of total cephalopod exports to this country. In 2020, Vietnam's dried/grilled squid (HS code 03) exported to Japan was the only item with a positive growth rate of 340% compared to 2019.

Vietnam mainly exports to Japan products such as frozen cuttlefish, frozen cleaned whole squid, instant sushi, frozen squid Geso, frozen squid Sugata, frozen squid Sushi, frozen Marusaki squid, frozen pine cutlefish, frozen breaded octopus, frozen octopus surimi, frozen processed octopus, frozen blanche octopus, frozen cut boiled octopus…

According to the World Trade Center (ITC), in the first 11 months of this year, Japan's import of cephalopod reached $347 million, down by 7% over the same period in 2019. In the top 5 largest suppliers, cephalopod imported to Japan from Indonesia increased by 113% to 3.6 million USD. Indonesia is the fifth largest supplier of cephalopod to Japan.

Japan imported cephalopod from 12 sources. China, Vietnam and Thailand are the three largest suppliers, respectively.

Japan imports from Vietnam mainly products such as processed squid (except CO smoked products), processed octopus (except CO smoked products), fresh squid, frozen/smoked/dried/marinated octopus. Processed squid (except CO smoked products) is the product that accounts for the largest proportion in the total cephalopod product structure imported into Japan.


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