The volume of exports saw an increase of 11.3 per cent, from 942,255 tonnes in 2011 to 1,048,600 tonnes last year, said the Undersecretariat of Fisheries and Aquaculture (Subpesca).
Sales of frozen products and fishmeal were the most voluminous, representing 48.9 per cent and 24.1 per cent of the total, respectively, according to the latest Informe Sectorial de Pesca y Acuicultura by Subpesca. Following were frozen products (11.7 per cent of total) and oil (6.1 per cent), among others.
According to Subpesca statistics, the main export was Atlantic salmon, which generated revenue of USD 1,203 million, which is 31.6 per cent of the total value of exports. Behind were the rainbow trout, Pacific salmon and boneless pelagic fish, among others.
Chilean products were sent to 107 countries, of which the nine major ones concentrated 79.4 per cent of total exports. Among them are Japan, US, Brazil, China and Spain.
With respect to the extractive sector, the accumulated value of fish exports (517,000 tonnes) arrived between January and October 2012 for USD 1,076 million, reflecting a negative variation of 6.9 per cent compared with the same period last year.
In the first 10 months, 253,130 tonnes of fishmeal for USD 345.3 million were sold abroad, while a year earlier 260,570 tonnes worth USD 389.2 million had been exported. The most important destinations of fishmeal were China, Japan, South Korea and Germany.
The breakdown of the different types of fishmeal indicates that the prime variety had the highest volume, with 57.2 per cent of total exports, followed by the super prime and the standard one, with 25.3 per cent and 15.9 per cent, respectively.
Foreign sales of frozen seafood products totalled USD 484.6 million, which represented a fall of 5.9 per cent over the same period of 2011. These products were shipped mainly to Nigeria, Japan and the United States, which accounted for 19.5 per cent, 16.3 per cent and 16 per cent, respectively.
As for canned products, sales in the first 10 months of 2012 totalled USD 71 million, 12.8 per cent lower than a year earlier.
Aquaculture sector exports accounted for 71.7 per cent of total foreign sales and 50.7 per cent of total exports between January and October last year, with USD 2,730 million and about 531,000 tonnes.
(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.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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