Jan-May 2017: Vietnam seafood exports inched up 7.5%

Other 09:19 05/07/2017
(seafood.vasep.com.vn) Through May 2017, Vietnam seafood exports totaled US$2.76 billion, increasing by 7.5%, year on year.

Vietnam’s seafood exports in Jan-May 2017 (estimated, US$ mil.)

PRODUCTS

Jan-May 2016

Jan-May 2017

Variation (%)

Shrimp (HS code 03 and 16)

1,100.596

1,145.926

4.1

- Whiteleg shrimp

636.072

710.413

11.7

- Black tiger shrimp

370.952

320.299

-13.7

Pangasius (HS code 03 and 16)

650.345

665.699

2.4

Tuna (HS code 03 and 16)

179.490

215.893

20.3

- Tuna HS code 16

71.198

96.256

35.2

- Tuna HS code 03

108.292

119.941

10.8

Other marine finfish (HS code 0301 - 0305 and 1604; except for tuna and pangasius)

423.304

463.099

9.4

Mollusks (HS code 0307 and 16)

176.728

239.626

35.6

- Cephalopod

142.482

198.637

39.4

- Bivalve mollusks

33.548

40.293

20.1

Crabs and other crustaceans (HS code 03 and 16)

40.226

33.541

-16.6

TOTAL

2,570.690

2,763.785

7.5

After a positive growth of 6.7% in 2016, Vietnam’s shrimp exports in the first five months of 2017 hit US$1,145 million, up 4% over the same period last year. Shrimp prices increased sharply, the anti-dumping duties on Vietnam shrimp imported into the U.S significantly reduced. Meanwhile, the demand in Japan increased due to the appreciation of the yen which attracted enterprises to shift to this market. Exports to other markets such as the EU and South Korea recovered positively to offset losses in the U.S, China and Australia.

In the first 5 months of 2017, the area of pangasius farming in the Mekong Delta amounted to 3,092 ha, down 6.2%, with the output of 465.9 thousand MT, up 11% year on year. Exports to China, Brazil and Mexico increased sharply which helped Vietnam’s total pangasius exports rose by 2.4% to reach US$665 million

In the first 5 months of 2017, Vietnam’s tuna exports eyed US$216 million, up 20% over a year before. Of that, exports of processed/canned tuna went up 35% and those of frozen tuna increased by 11% year on year. Vietnam’s tuna exports continue to recover thanks to a rise in exports to traditional markets such as the U.S and the EU.

Vietnam’s cephalopod exports totaled US$199 million, up 39% over the same period last year. Vietnam cephalopod was sold to 43 markets, down 7 markets compared to 50 markets in the same period in 2016. Exports to top three biggest importing markets including South Korea, ASEAN and Japan all fell.

Thanks to high demand in Japan, China and South Korea, Vietnam’s seafood exports in the coming time expected to continue the rise.

Vietnam’s seafood exports by markets in Jan-May 2017 (estimated, US$ mil.)

MARKETS

Jan-May 2016

Jan-May 2017

Variation (%)

U.S

528.201

461.334

-12.7

EU

450.801

447.702

-0.7

Japan

361.824

467.747

29.3

China and Hong Kong

318.354

382.212

20.1

South Korea

209.399

264.142

26.1

ASEAN

205.849

206.701

0.4

Brazil

33.569

52.428

56.2

Australia

65.689

65.434

-0.4

Russia

32.213

31.985

-0.7

Others

305.119

320.713

5.1

TOTAL

2,570.690

2,763.785

7.5

Compiled by Dieu Thuy

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