Crabs exports climbed by 26%

Swimming Crab 17:55 28/12/2020 Kim Thu
(seafood.vasep.com.vn) In the first 9 months of this year, Vietnam's other seafood exports, including marine fish, surimi, crabs, and bivalve molluscs, reached US$ 1.63 billion, up 1% over the same period in 2019. Exports of crabs rose the most by 26%, exports of marine fish increased by 21%, that of bivalve molluscs hiked slightly by 4%, but surimi exports decreased by 6%.

The complicated situation of the Covid-19 in the import markets affects the consumption of seafood in the restaurant and food service segments; The exploitation of domestic raw materials was also significantly affected.

Marine fish exports (under HS codes from 0301 to 0305 and 1604, excluding tuna and pangasius) in the first 9 months of 2020 reached US$1.2 billion, up 21% over the same period in 2019. Japan, ASEAN, China were the three largest import markets for Vietnamese marine fish.

Exports of fish cakes and surimi (including products made from tuna, pangasius) of Vietnam in the first 9 months of this year reached over US$228.7 million, down 6% compared to the same period in 2019. ASEAN, China and Japan were the three largest import markets for this item of Vietnam. Exports to China lifted by 25% while exports to ASEAN and Japan declined by 6% and 22% respectively.

Export of crabs and other crustaceans (HS codes 03 and 16) of Vietnam in the first 9 months of this year reached US$126.9 million, up nearly 26% over the same period in 2019. China, Japan and the US were the three largest import markets for crab and other crustaceans of Vietnam. Export of this item to China grew at the best rate of nearly 365%; Exports to Japan and the US sank by 5% and 26% respectively.

Export of bivalve mollusks in the first 9 months of this year elevated by 4% to nearly 71.5 million USD, this item tended to increase after declining continuously in the first 2 quarters of the year. The EU, Japan and the US were the three largest import markets for this item of Vietnam. Exports of this item to Japan surged the best at 14%, exports to the EU rose by 1% and exports to the US declined by 3% over the same period in 2019.

There are positive signs such as market demand inching up for canned, frozen, chilled and smoked seafood with longer shelf life. E-transactions, online retailing still compensate for the decline in market demand. The EVFTA Agreement has come into effect, also supporting other Vietnam's seafood exports in the last months of the year. Therefore, Vietnam's seafood exports in the last months of the year are expected to increase slightly, although still affected by the Covid-19 epidemic in major importers.

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