According to the statistics of the World Trade Center, in the first 10 months of this year, Japan imported US$295.2 worth million of cephalopod, up 0.3% over the same period last year.
China still maintains the leading supplier of cephalopod to Japan. However, importing this product line from China of Japan tends to decrease. Meanwhile, imports from Vietnam and Peru increased. Besides, Japan is also increasing imports of cephalopod from other Southeast Asian countries such as the Philippines and Thailand.
Processed squid (HS code 160554) and processed octopus (HS code 160555) are the two most imported products in Japan. In the first 10 months of this year, Japan increased imports of processed octopus and reduced imports of processed squid. Imports of raw materials (HS code 030749) into Japan although only accounted for a small value but grew remarkably by 42% in the first 10 months of this year.
Currently, processed octopus products imported from Thailand and the Philippines into Japan have advantages with 0% tax rate, while from Vietnam and Indonesia is 1.8%, and from China 6.9%. Thus, processed octopus products of Vietnam are facing tax disadvantages compared to Thailand and the Philippines in the Japanese market.
According to Vietnam Customs data, as of November this year, Vietnam exported octopus and octopus to Japan reached US$138.9 million, up 2.2% compared to the same period in 2017. Exporting this item from Vietnam returned to Japan to recover by 23% in November 2018 after falling by 12% in October.
In previous years, Japan imported a large amount of cephalopod from Morocco, Mauritania but from 2017 until now, Morocco and Mauritania have not exported much cephalopod to Japan as the source for exploitation had plummeted, leading to an increase in export prices. Therefore, Japan turned to cephalopod suppliers in the Asia region.
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam's crab export value in March 2024 reached more than 18 million USD, an increase of 66% over the same period last year. Cumulatively, in the first 3 months of the year, export turnover reached more than 52 million USD, up 75% over the same period.
Vietnam's pangasius exports to Brazil reached nearly USD 28 million in the first quarter of 2024, surging by 44% compared to the same period in 2023.
(vasep.com.vn) According to Vinh Long Statistics Department, the whole province currently has 2,119 hectares of aquaculture area, an increase of 1.03% (equivalent to an increase of 21.62 hectares) over the same period last year; Of which the industrial pangasius farming area is 370.8 hectares, an increase of 0.12% or an increase of 0.42 hectares.
(seafood.vasep.com.vn) 2023 was an unsuccessful year not only for Vietnamese but also for Thailand tuna exporters in the Middle East market. Thailand's tuna exports to this market decreased by 21% in value and 27% in volume compared to 2022. Therefore, the Middle East dropped to second position among Thailand's export markets after the US, accounting for 22% of total export turnover in 2023.
Competent ministries, sectors and localities should continue efforts to lift the European Commission’s “yellow card” against the Vietnamese seafood products for illegal, unreported and unregulated (IUU) fishing, as an inspection team of the commission will visit Vietnam soon, Minister of Agriculture and Rural Development Le Minh Hoan.
(seafood.vasep.com.vn) According to data from Vietnam Customs, in March 2024, Vietnamese pangasius export turnover to markets reached 156 million USD, down 14% over the same period. Vietnam pangasius export value in QI/2024 reached 411 million USD, down 3% compared to QI/2023.
(vasep.com.vn) According to data from the Department of Fisheries, as of March 20, 2024, the shrimp farming area reached about 348,670 hectares, including 334,799 hectares of black tiger prawn farming area and 13,871 hectares of white leg shrimp farming area.
(seafood.vasep.com.vn) Vietnam's tuna exports reached around $84 million in March 2024, a 17% rise. Vietnam's total tuna export revenue for the first three months of 2024 was $215 million, up 19% from the same time in 2023 but down 17% from 2022. It is anticipated that tuna exports may miss the billion-dollar mark as in 2022 at this rate and the difficulties the business faces.
Vietnam raked in over US$200 million from exporting tuna to 86 markets worldwide during the first quarter of the year, representing a rise of 19% against the same period from last year.
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.
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