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) On November 18, Ms. Truong Ha Phuong Anh, Director of the Center for Investment Promotion and Business Support (iPEC), stated that during the Ca Mau Province Agricultural and Aquatic Products Trade Promotion Conference 2024, held on November 15, there were 209 direct trade interactions between 42 seafood processing and exporting enterprises, OCOP producers in the province, and five leading domestic retail companies: Central Retail, Saigon Co.op, Kingfood Mart, Bach Hoa Xanh, and Satra Supermarket.
In 2024, the Binh Dinh Agricultural Extension Center successfully implemented a semi-intensive and intensive two-stage whiteleg shrimp farming model using Semi-Biofloc technology.
(seafood.vasep.com.vn) Recently, the area dedicated to super-intensive, high-density whiteleg shrimp farming in Trà Vinh Province has been rapidly expanding due to its high productivity and economic efficiency.
(seafood.vasep.com.vn) In collaboration with provincial authorities, specialized agencies, and local coastal governments, seafood processing and export enterprises in Binh Dinh Province are actively working to address issues related to illegal, unreported, and unregulated (IUU) fishing. The shared goal is to have the European Union's "yellow card" removed this year.
(seafood.vasep.com.vn) Ca Mau Province has affirmed its position as the "shrimp kingdom" of Vietnam, with the largest area for ecological shrimp farming in the country.
(seafood.vasep.com.vn) According to data from Vietnam Customs, the export value of pangasius in October 2024 reached nearly $202 million, representing a 17% increase year-on-year. Cumulatively, pangasius exports to various markets in the first ten months of 2024 totaled $1.7 billion, marking a 9% growth compared to the same period last year.
(seafood.vasep.com.vn) On the afternoon of November 6th, Vietnam time, U.S. media announced the preliminary vote count showing that Donald Trump won the 2024 U.S. presidential election. His victory is expected to bring significant changes in taxes, trade, investment, and more. As a result, Vietnam's tuna exports will also be affected.
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
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