In this period, Vietnam exported bivalve mollusks to 50 markets. The EU, Japan and the US were the three largest importers, accounting for 90% of Vietnam's export value of bivalve mollusks, of which EU accounted for 68%, Japan and the US accounted for 12% and 10% respectively.
Exports to the two main markets of EU and Japan grew positively, yet exports to other markets fell, so exports decreased slightly compared to the same period in 2018.
Exports to EU focuses on three markets: Spain, Portugal and Italy, these markets accounted for 78% of exports to EU market. In which, exports to Spain and Italy jumped by 12% and 25% respectively compared to the same period in 2018, while exports to Portugal dropped by 3.6%.
Exports to Japan, the second largest importer of Vietnam, reached US$ 4.4 million, an increase of 69% compared to the same period of 2018. While exports to China and ASEAN fell sharply by 3 figures, at 807% and 111% respectively.
The demand for bivalve mollusks is currently increasing and the prices of products are going up as well. In order to increase the demand of young consumers, the bivalve mullusk industry needs to enhance product diversification and take advantage of FTAs such as Japan and the EU.
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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