Specifically, in September, cephalopod exports of Vietnam to Japan - the second largest export market, had recovered. Meanwhile, exports to other major markets such as EU, ASEAN, China, the US ... were still low.
Korea
Korea continued to increase the imports of cephalopod from Vietnam. Exports value to the market in September reached US$24 million, a rise of 28% from September 2017, bringing the total exports value in the first nine months to nearly US$180 million, increasing by 16% over the same period last year. This year, cephalopod exports of Vietnam to Korea experiences unstable growth due to scarce resources. Currently, with the export tax rate of 0% for live/raw and frozen octopus (HS030751 and HS030759), Vietnam can promote the exports of these two products to Korea. Provided with a good supply, Vietnam will have the opportunity to increase market share.
Japan
After the decline in August, cephalopod exports to Japan increased again in September, reaching US$14 million, rising 10% from September 2017. Thus, the export value of cephalopod in this market in the first nine months continued to increase 1.8% compared the same period last year, reaching US$109 million. Vietnam continues to be an important supplier of squid for the Japanese market.
EU
Cephalopod exports to the EU has not shown signs of growth. Exports of this product group to the EU in September decreased by 25% compared to September 2017. By the end of September, the value of cephalopod exports to EU was only US$109 million, a drop of 26% over the same period last year.
Specifically, in September, cephalopod exports to France, the third largest import market in the EU, experienced a sudden growth of 101%. However, since the cephalopod exports to France fell heavily at the beginning of the year, the increase in recent months was not enough to compensate for the decrease in volume so exports in the first nine months of this year were still decreasing. Meanwhile, exports to Italy and Spain continued to fall.
ASEAN
Cephalopod exports to ASEAN in September decreased by 0.7%, reaching US$6.6 million. However, in the first nine months of this year, cephalopod exports of Vietnam was up by 15% over the same period, reaching US$61 million. Thailand continues to dominate the cephalopod exports from Vietnam to ASEAN. According to statistics, this month cephalopod exports to Thailand is not positive, dropping by 12% over the same period. The decline of exports to this market has led to a decline in exports to the ASEAN market.
(seafood.vasep.com.vn) On November 18, Ms. Truong Ha Phuong Anh, Director of the Center for Investment Promotion and Business Support (iPEC), stated that during the Ca Mau Province Agricultural and Aquatic Products Trade Promotion Conference 2024, held on November 15, there were 209 direct trade interactions between 42 seafood processing and exporting enterprises, OCOP producers in the province, and five leading domestic retail companies: Central Retail, Saigon Co.op, Kingfood Mart, Bach Hoa Xanh, and Satra Supermarket.
In 2024, the Binh Dinh Agricultural Extension Center successfully implemented a semi-intensive and intensive two-stage whiteleg shrimp farming model using Semi-Biofloc technology.
(seafood.vasep.com.vn) Recently, the area dedicated to super-intensive, high-density whiteleg shrimp farming in Trà Vinh Province has been rapidly expanding due to its high productivity and economic efficiency.
(seafood.vasep.com.vn) In collaboration with provincial authorities, specialized agencies, and local coastal governments, seafood processing and export enterprises in Binh Dinh Province are actively working to address issues related to illegal, unreported, and unregulated (IUU) fishing. The shared goal is to have the European Union's "yellow card" removed this year.
(seafood.vasep.com.vn) Ca Mau Province has affirmed its position as the "shrimp kingdom" of Vietnam, with the largest area for ecological shrimp farming in the country.
(seafood.vasep.com.vn) According to data from Vietnam Customs, the export value of pangasius in October 2024 reached nearly $202 million, representing a 17% increase year-on-year. Cumulatively, pangasius exports to various markets in the first ten months of 2024 totaled $1.7 billion, marking a 9% growth compared to the same period last year.
(seafood.vasep.com.vn) On the afternoon of November 6th, Vietnam time, U.S. media announced the preliminary vote count showing that Donald Trump won the 2024 U.S. presidential election. His victory is expected to bring significant changes in taxes, trade, investment, and more. As a result, Vietnam's tuna exports will also be affected.
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
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