Seafood exports to markets decreased in August 2021
09:31 09/17/2021

( According to customs statistics, by the end of July 2021, Vietnam's seafood exports reached nearly 5 billion USD, up 13% over the same period last year. Particularly in July 2021, seafood export turnover increased by 7.5% to nearly 854 million USD, of which exports to the US and EU markets increased sharply, to CPTPP countries and South Korea increased slightly, only to China fell deeply by 20%. In the first 7 months of the year, exports to the US still maintained the highest growth rate of 36%, to the EU increased by 19%, the CPTPP increased by 10%, while exports to China decreased by over 10%.

The growth of processed seafood output in Vietnam will reach over 6 percent a year by 2030 under a national seafood processing development strategy for 2021-2030 which has been approved by the Prime Minister.

Many businesses from Guangzhou city of China have shown their interest in importing Vietnamese aquatic products, according to Le Hoang Tai, Vice Director of the Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade.

( In the first half of 2021, Vietnam's seafood production and export continued to be affected by the Covid-19 epidemic, which was still tense in many countries around the world and had a strong outbreak in the country. However, in the midst of difficulties, seafood enterprises have made efforts and flexibility to stabilize production, maintain supply, and take advantage of opportunities of markets to boost their sales abroad.

( In the first 6 months of this year, Vietnam's seafood exports to the US reached US$901 million, up 39% over the same period last year, of which exports of aquaculture products accounted 68% to reach 612 million USD, up 42%; Export of marine products took for for 32%, reaching 289 million USD, up 32%.

( Bac Lieu is promoting effective and safe fishing and fishing solutions to strive for a total output of 150,000 tons of marine and domestic fishery exploitation by 2025, including 11,000 tons of shrimp and 139,000 tons of fish and other seafood.

To help Vietnamese seafood enterprises, partners and customers quickly and fully grasp the whole picture, capacity and potential of Vietnam's seafood production and export in a period of 5 years (2016-2020) with a In the form of small, compact and convenient documents, VASEP VPHH will release a poster "Panorama of Vietnam's seafood exports, 2016-2020" in August 2021.

( According to Vietnam Customs statistics, in the first 6 months of this year, Vietnam's seafood exports to the EU market grew 20% to over US$486 million, of which, exports of marine products soared 24% reached 154 million USD (accounting for 32%), aquaculture exports increased by 18% to 333 million USD (taking 68%).

( According to a report by the Can Tho Fisheries Sub-Department, the city's total seafood production by July 2021 is estimated at 97 thousand tons, up 17% over the same period last year.

( Despite many difficulties due to the impact of the Covid-19 epidemic, in the first 6 months of 2021, Vietnam's seafood industry still grew steadily in all fields.

( The demand recovery in two major markets of the US and EU and sharp increases in exports to potential markets has brought seafood export turnover of over US$4.1 billion for the country in the first half of this year. In which, exports in June 2021 continued to increase by 20% over the same period last year, reaching 865 million USD. With the current growth momentum, Vietnam seafood exports in 2021 can reach the target of 9 billion USD.

In the first 6 months of 2021, shrimp export turnover of Ca Mau province - a key seafood province in the Mekong Delta, is estimated at 400 million USD, up 16.6% over the same period in 2020. Forecast in 2021, shrimp export of the province reached over 1 billion USD.

( While major markets such as the US and EU reopened and sharply increased seafood imports from Vietnam, China has increasingly tightened inspection of frozen seafood imports from other countries related to the Covid-19 pandemic, Vietnam's seafood exports to this market have decreased continuously in the past 2 months. Therefore, seafood exports to China in the first 5 months of 2021 decreased by 6%, reaching US$405 million.

According to the Import-Export Department, Ministry of Industry and Trade, Vietnam's seafood export is estimated at more than 3.2 billion USD in the first 5 months of this year, up more than 13% in volume and over 12% in value over the same period last year.

The positive signals of seafood export markets, especially the US and EU, are bringing growth prospects to Vietnamese seafood enterprises. Vietnam's seafood exports are on the recovery path, reaching $3.27 billion in the first five months of 2021, up 14% over the same period last year.