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.
(vasep.com.vn) Vietnam is signatory to three new-generation Free Trade Agreements (FTAs), and specifically with the United Kingdom (UK), maintains two FTAs: the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the UK-Vietnam Free Trade Agreement (UKVFTA). The confluence of content and approaches within these two Agreements fosters a conducive environment for enterprises from both nations to maximally leverage trade and investment opportunities, notably encompassing Pangasius exports to the UK.
(seafood.vasep.com.vn) Sao Ta (FMC - HoSE), a key subsidiary of PAN Group, has announced impressive business results for February. The company's shrimp production reached 1,913 tons, a 106% increase compared to the same period last year, while agricultural product production reached 67 tons, up 6%.
(seafood.vasep.com.vn) The tuna export market of Vietnam in the first month of 2025 has seen notable fluctuations. Exports to most major markets have decreased compared to the same period in 2024.
The Seafood Expo Global is the largest seafood industry event in the world, truly becoming a professional playground and a strong foundation for connecting the international seafood community. The Seafood Expo Global (SEG) 2025 will take place from May 6 to May 8, 2025 in Barcelona, promising to be an important platform for the global seafood community to meet, trade, and seek business opportunities in seafood industry.
(seafood.vasep.com.vn) According to data from Vietnam Customs, Vietnam’s pangasius exports in January 2025 reached over USD 133 million, marking a 19% decline compared to the same period last year. Notably, the ranking of the top pangasius import markets saw significant adjustments.
(seafood.vasep.com.vn) According to a report by the General Statistics Office, the estimated pangasius output for January 2025 reached 102.5 thousand tons, representing a 6.0% increase compared to the corresponding period of the preceding year. This surge is attributed to the rise in pangasius material prices within the Mekong Delta, which has incentivized aquaculture farmers to expand their stocking activities. Concurrently, this price increase has facilitated processing enterprises to intensify procurement efforts to meet export demands during the early part of the year.
(seafood.vasep.com.vn) Between 2015 and 2024, Vietnamese pangasius exporting enterprises have undergone notable transformations in rankings and experienced fluctuations in developmental strategies, competitive intensity, and business efficacy. This dynamic is clearly illustrated through shifts in export turnover and the proportional contribution to the national pangasius export volume among the Top 5 enterprises.
(seafood.vasep.com.vn) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
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