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Up in Vietnam processed cephalopod exports to ASEAN
January 26, 2018, 09:33 AM
(seafood.vasep.com.vn) After a decrease in imports in the January 2017, there has been a continuous increase in cephalopod imports into ASEAN from Vietnam since February 2017. According to statistics from Vietnam Customs, Vietnam’s cephalopod exports to ASEAN in the first 10 months of the year hit US$59.6 million, an increase of 47% year on year.

Except for June, since February this year, Vietnam’s exports of cephalopod to ASEAN witnessed a two-digit year-on-year growth.

At present, ASEAN was the 4th biggest buyer of Vietnam, representing 11.5% of total cephalopod export value.

ASEAN increased imports of squid from Vietnam. Vietnam squid sales to ASEAN took up over 95% of total cephalopod exports to the market.

Among ASEAN, Thailand was the major market for Vietnam cephalopod with about 77% of total cephalopod exported to the region. In other words, Vietnam’s cephalopod exports to Thailand have been increasing. In the first 10 months of 2017, Thailand imported more than US$44 million of Vietnam cephalopod, rising by 36.3% year on year.

According to statistics of ITC, among ASEAN, Thailand was the biggest importer of cephalopod from all over the world. The cephalopod import value of this country in the first 9 months of 2017 took up 43.2% of total imports into ASEAN and amounted up to US$60 million. However, cephalopod imports into Thailand appears to be decreasing recently, with a total fall of nearly 76% compared to the same period last year. Among two biggest cephalopod suppliers to Thailand, including Vietnam and China, while its imports from Vietnam increased, those from China decreased considerably.

Frozen squid (HS code 030749) was the product with the highest import value in ASEAN; followed by processed squid (HS code 160554), processed octopus (HS code 160555) and fresh/live/frozen octopus (HS code 030751). Among all, frozen squid accounted for the highest share of 71% of total cephalopod import value of ASEAN, while all the rest took up less than 10% individually. Remarkably, total import value of processed cephalopod into ASEAN increased dramatically in the first half of the year.

Cephalopod imports into ASEAN (Source: Trademap, Unit: thousand US$)

HS code

Products

QI-QIII/2016

QI-QIII/2017

Variation (%)

 

Total

250,399

60,551

-75.8

030749

Frozen squid

229,398

43,103

-81.2

160554

Processed squid

4,784

13,808

188.6

160555

Processed octopus

1,522

2,646

73.9

030751

Fresh/frozen/chilled octopus

1,109

994

-10.4

030741

Fresh/frozen/chilled squid

7,540

-

-100.0

030759

Frozen octopus

6,046

-

-100.0

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