Main export products had 2-digit growths, ranging from 13% to 42%, except for tuna, which was down 12.5% and slight increase in pangasius exports. Significant figures are shown in shrimp exports with the highest export growth rate of 42%, the highest prercentage of 50.6% in total exports, reaching US$ 2.9 billion worth. Whiteleg shrimp dominated the shrimp exports with 58%, reaching the value of US$ 1.7 billion, up 75% as production and imports of raw materials increased, while the world market experienced supply shortage due to EMS.
Pangasius exports recovered, growing 6.6% in QIII though this is not sufficient to offset the decline from the gloomy import markets since the beginning of the year. Total exports in 9 months reached US$ 1.3 billion, 0.3% higher over the same period last year.
Import demand from major markets declined further, making the total tuna exports at US$ 363 million, down by 12.5%.
After 2 successive years of decline, cephalopod exports recovered markedly thanks to rising demand from Korea, Italy, Spain, France, Germany and China.
From January to September 2014, Vietnam sent seafood to 166 markets around the world, experiencing positive growth from 15% to 45%.
Good opportunities were given to boast exports this year as shrimp production increased while demand and export prices were higher. However, firms also had to face technical and duty bariers from importing market, which have been affecting seafood export results.
Report on Vietnam seafood exports in QIII/2014 will provide detailed results and evaluation on every major seafood export commodity, analysis on domestic factors and market changes affecting exports in QIII. The report will be an useful document for seafood importers and researchers.
The Report will be published on 7th November 2014. Subscribe now.