Exporters strongly focused to the market of South Korea. By the end of February 2015, mollusk exported to South Korea valued US$ 24.2 million, up 29% year on year. South Korea is number 1 exporting market, accounting for 41.7% of total export value.
From 2014, it is harder to export to Japan as the yen exchange rates against other currencies fluctuated in addition to high inventory levels.
In contrast to the situation in the early 2014, mollusk exports to the EU decreased by 1.2%. Italy, Germany and the Netherlands are biggest markets in the EU, exports to these markets accounted for 8%, 1% and 0.8%, respectively in total exports from Vietnam.
It is forecast that in the first half of the year, exports to Italy will decline slightly. Export to Spain will slow down in Q.I/2015 then go up again in the second quarter. Exports into ASEAN, China - Hong Kong and Taiwan will increase steadily. Meanwhile, exports to the US, Australia and Russia will remain unstable in the coming quarters.
Graph 1: Frozen squid imports of South Korea
Graph 2: Frozen squid imports of Germany
|
Italy cephalopod Imports in 2014 (Unit: US$ thousands) |
||||||
|
No |
Market |
Q.I |
Q.II |
Q.III |
Q.IV |
Q.I-Q.IV/2014 |
|
1 |
Spain |
49,678 |
54,993 |
60,363 |
52,433 |
217,467 |
|
2 |
Thailand |
34,438 |
34,496 |
30,848 |
26,516 |
126,298 |
|
3 |
Mexico |
3,921 |
2,898 |
967 |
19,535 |
27,321 |
|
4 |
France |
9,320 |
7,491 |
9,463 |
19,077 |
45,351 |
|
5 |
Morocco |
33,390 |
23,039 |
28,059 |
17,706 |
102,194 |
|
6 |
China |
7,800 |
11,411 |
10,344 |
15,123 |
44,678 |
|
7 |
Vietnam |
5,168 |
8,752 |
12,286 |
11,491 |
37,697 |
|
8 |
Senegal |
4,211 |
7,646 |
8,899 |
10,308 |
31,064 |
|
9 |
India |
7,827 |
8,140 |
6,476 |
9,913 |
32,356 |
|
10 |
Tunisia |
13,088 |
11,202 |
3,147 |
9,554 |
36,991 |
|
11 |
Indonesia |
6,793 |
8,569 |
7,595 |
8,462 |
31,419 |
|
12 |
Mauritania |
2,698 |
9,282 |
3,411 |
7,890 |
23,281 |
|
13 |
South Africa |
5,368 |
4,290 |
1,867 |
5,672 |
17,197 |
|
14 |
Netherlands |
2,235 |
1,214 |
1,603 |
3,477 |
8,529 |
|
15 |
Portugal |
1,651 |
2,151 |
3,218 |
2,500 |
9,520 |
|
World |
199.342 |
216,101 |
205,359 |
234,450 |
855,252 |
|
|
Source: ITC |
||||||
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(seafood.vasep.com.vn) Seafood exports in the first 6 months of the year continued to be a bright spot with a total turnover of 5.7 billion USD, an increase of 11.4% compared to the same period last year. By commodity group, seafood is one of the three groups with a trade balance in the first 6 months of 2026 in a surplus state with 4.13 billion USD, an increase of 17%.
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