Many markets increased imports of Vietnamese seafood in February

Accordingly, in February 2021, Vietnam exported seafood to 104 markets around the world, while in February 2020, Vietnam exported to 115 markets.

Top 10 single markets with the highest seafood import turnover from Vietnam in February include the US, Japan, Korea, China, Canada, Australia, Thailand, UK, Russia and the Netherlands, accounting for 75.4% of total seafood exports from Vietnam.

In February 2020, Hong Kong and Singapore were both in the top 10 seafood import markets of Vietnam, but in February this year, exports to these two markets fell sharply, down by 64% and 83% respectively, so they fell far behind from the top 10. Instead, it is now the Russian reposition with a 57% increase in imports from Vietnam and the upgrade of the Dutch market, although exports to this market decreased by 14%.

Exports to the US market are still leading, after increasing by 25% in January, continuing to increase by nearly 10% in February, while exports to Canada continued to break through with an increase of 31% in February, becoming the 4th largest market (accounting for 4.6% of Vietnam's seafood exports this month, just behind the US (21%), Japan (7.8%), South Korea (9.2%) and China (8.3%).

Notably, there was the spectacular return of China with a 114% increase in imports in February, after a 10% decline in January. This recovery brings optimism to seafood exports in the following months.

In addition, exports to the UK and many other markets also increased sharply in February 2021. Exports to the UK increased by 8%, to Italy by 123%, to Israel by 38%, to Peru by 111%.

The export results in February continued to show the positive impact of the CPTPP and EVFTA agreements on Vietnamese seafood, as exports to the majority of countries participating in the agreements maintained positive growths compared to the same period last year.