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Surimi exports grow strongly
August 21, 2014, 03:31 PM
(vasep.com.vn) Although import markets of Vietnam surimi downsized, total surimi exports in the first 6 months of 2014 reached USD 123.7 million, increased by nearly 29% year on year.

Vietnam surimi was exported to 31 markets (declined by 2 markets comparing to the same period in 2013). Eight major markets accounted for more than 98% of total Vietnam surimi exports.This period witnessed good growth for Vietnam surimi exports in all main markets, except for the United States.

Surimi exports to South Korea found its recover after the decline in Q1/2014. In 1H of this year, the value of Vietnam surimi exported to South Korea reached USD 38.3 million, up 0.4% year on year. Nonetheless, this fell in early July, comparing to the the same period in 2013.

The ASEAN continued to be the 2nd largest import market of Vietnam surimi, after South Korea. In 1H, the value of Vietnam surimi exported to ASEAN countries reached USD 31.4 million, increasing nearly 57% year on year. Current growth rates coupled with reducing trend of exports to South Korea are signs for the surpass of ASEAN over South Korea, to be largest import market of Vietnam surimi.

Along with ASEAN nations, with the growth rate of 32.9% in Q2/2014, China surpassed Japan to be the third importing market for Vietnam surimi. In 1H, the value of Vietnam surimi exported to South Korea reached over USD 16 million, up 35.5% year on year, while exports to Japan stayed at over USD 14.8 million .

Thu Trang
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