According to statistics of Vietnam Customs, octopus is Vietnam's main export product to this market in the first half of this year. In which, Vietnam exports the most frozen octopus products, accounting for 76% of the total export value. The 0% preferential tariff under the EVFTA agreement has helped Vietnam increase exports of fresh, live and frozen octopus to the Korean market. In the first half of this year, exports of processed octopus to South Korea increased by 40%. In contrast, exports of dried/baked and fresh/live/frozen squid products fell by 36% and 20%, respectively.
Korea mainly imports from Vietnam dried skinned squid, frozen processed squid, frozen sushi squid, cleaned frozen cuttlefish fillet, frozen pinecone cut squid, frozen cleaned whole octopus, Chilled cut octopus, frozen processed octopus…
In the second quarter of 2021, Korea better controlled the Covid-19 epidemic, so the export of cephalopods to this market was more favorable than in the first quarter. Tariff advantages from the Free Trade Agreement between Vietnam and Korea (VKFTA) also have a positive impact on Vietnam's cephalopod exports to this market.
According to ITC data, Korea's imports of cephalopods from other countries in the first six months of this year decreased slightly by 1.4% to $151.8 million. Korea imports cephalopods from 11 countries around the world. Vietnam ranks third in supplying cephalopods to Korea, after China and Peru.
Vietnam’s pangasius export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year. UAE mainly imported frozen fillets from Vietnam.
(seafood.vasep.com.vn) According to data from General Department of Vietnam Customs, the UK imported nearly $3 million worth of pangasius from Vietnam in the first half of March 2024. Cumulative pangasius exports to this market reached $12 million as of March 15, 2024, down 3% from the same period last year.
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at 13.53 billion USD, up 21.8% over the same period last year; and this results in a trade surplus of 3.36 billion USD, a rise of 96.5%, according to the Ministry of Agriculture and Rural Development (MARD).
The southernmost locality is developing shrimp farming models that generate large outputs but are environment-friendly.
(seafood.vasep.com.vn) An Giang province's aquaculture output is predicted to reach 172.3 thousand tons in the first quarter of 2024, up 6.37% (+10.3 thousand tons) from the same time the previous year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, as of March 15, 2024, Vietnam's cephalopod exports reached more than 109 million USD, a slight decrease of 3% compared to the same period in 2023. In the first quarter of this year, Vietnam's cephalopod exports are expected to reach about 136 million USD, down 2% over the same period last year.
(vasep.com.vn) According to statistics from the International Trade Centre (ITC), Portugal is the 6th largest tuna importer in the EU. In 2023, the country's tuna imports from other countries increased by 9% compared to 2022, reaching nearly 241 million USD.
(vasep.com.vn) Vinh Hoan Corporation has just announced supplementary documents for the 2024 Annual General Meeting of Shareholders, scheduled to be held on April 17.
(seafood.vasep.com.vn) Sao Ta Food Joint Stock Company (FIMEX VN) has just announced that in March 2024, finished shrimp output reached 2,000 tons and finished shrimp consumption reached 1,693 tons, an increase of 74%, and 42% over the same period in 2023, respectively.
(seafood.vasep.com.vn) In February 2024, Vietnam pangasius exports to China and Hong Kong decreased by 65% compared to February 2023, reaching 23 million USD.
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