Squid products continued to be the main export products of Vietnam in the first two months of 2018, accounting for 56% of total export value, while octopus accounted for 44%. Of that, sales of dried/salted/fresh/live/frozen octopus (HS code 03) accounted for the highest proportion of 34%; followed by fresh/live/frozen squid (HS code 03), accounting for 31.7%.
This year, thanks to abundant supply of raw materials and high demand from the main markets, Vietnam has boosted its exports to key markets. According to Vietnam Customs statistics, Vietnam’ cephalopod exports to 9 main markets including South Korea, Japan, the EU, Asean, China and Hong Kong, the U.S, Taiwan, Russia and Israel all went up over the same period last year.
South Korea: Exports to South Korea kept the good growth momentum. Vietnam’s cephalopod exports to the market in March 2018 reached nearly US$18 million, up 4% over the same period in 2017; the figure in Jan-Mar 2018 estimated at US$46 million, up 13% over the same period in 2017. South Korea remained as the largest importer of Vietnam cephalopod, accounting for over 36% of Vietnam’s total export value of this item.
Japan: According to Vietnam Customs statistics, Vietnam’s cephalopod exports to Japan in March 2018 reached US$11 million, up 3% over the same period in 2017; the figure in Jan-Mar 2018 hit US$30.6 million, up 17% over the same period last year. Japan's economy is on the trend of recovery, the yen has increased, which facilitated exports of Vietnam cephalopod to this market.
The EU: The EU held as the third rank in top cephalopod buyers of Vietnam. Exports of this item in March 2018 reached US$6.4 million, down 20% compared with March 2017. Therefore, exports to the bloc in the first three months of this year decreased by 13.5% to touch US$17.3 million. This may be driven by the impact of the EU "yellow card" for seafood exports of Vietnam. Italy, France and Spain continued to be the three biggest importers of Vietnam cephalopod in the EU. Of that, exports to Italy and France were down 25.5% and 7.3%, respectively.
ASEAN: In March 2018, Vietnam’s cephalopod exports to ASEAN rebounded to reach US$6.1 million, up 19% compared to March 2017. As a result, the total export value of this item to the region in the first three months of this year increased by 30% to hit US$16 million. Thailand was a large market of Vietnam cephalopod in ASEAN. Vietnam’s cephalopod exports to Thailand in the first 3 months of 2018 reached US$12 million, up nearly 27%.
China: Vietnam’s cephalopod exports to China continued to show the strong growth. In March 2018, Vietnam’s cephalopod exports to this market amounted to US$4.3 million, up 236% over the same period in 2017; the figure in the first three months of 2018 hit US$9.6 million, up 176% year on year.
(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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