In the first two months of 2021, Vietnam's seafood exports to other countries continued to be affected by Covid, which slowed down logistics operations, soared sea freight, and increased production and export costs. However, exports to Australia and Canada still maintained impressive growths, up by 38.6% and 11.5% respectively compared to the same period last year with 39.3 million USD and 35.4 million USD.
Thanks to its high growth rate, Australia from the 7th market in 2020 has surpassed to the 5th place among the top 10 single markets of importing Vietnamese seafood in the first 2 months of this year. The share of this market in total exports in 2020 was 2.7%, with the higher results in the first 2 months of this year, the proportion has increased to over 4%. Australia is only behind the US, Japan, China and South Korea in the top 10 markets for Vietnamese seafood. In particular, shrimp alone accounts for 66% of total exports to this market. In 2021, by the end of February, Australia was the fourth largest shrimp market of Vietnam, with a value of over 26 million USD, up by 59%. In the context of Covid, Australia increased imports of frozen steamed white shrimp and dried shrimp from Vietnam.
In 2020, Canada is the 6th largest market for Vietnamese seafood, accounting for 4.1%, with an import value of 263 million USD. In the first two months of 2021, Canada still maintained the 6th position, accounting for 3.5% and growing steadily at 11.5%. In particular, shrimp also accounted for the largest proportion in the seafood products exported to this market, accounting for 61%. However, shrimp exports to Canada increased only slightly by 1.5% to 21.5 million USD. Meanwhile, the export of pangasius and tuna to Canada increased strongly by 13.5% and 36.4%.
In addition to Australia and Canada, the export of Vietnamese seafood to Chile in 2020 and the first two months of this year both increased sharply. Meanwhile, exports to other member countries, especially Asian countries, almost declined due to the impact of the Covid epidemic. This result also clearly shows the positive impact of the CPTPP agreement on exports to countries that first join FTAs with Vietnam such as Canada and Chile. Moreover, in the context of economic difficulties in countries, tariff preferences are fully utilized by importers as a competitive advantage. Therefore, it is forecasted that Vietnam's seafood exports to Australia, Canada and Chile will continue to increase in the coming months and in the whole year 2021.
(seafood.vasep .com.vn) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.
(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.
(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.
(seafood.vasep.com.vn) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.
(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.
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