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) 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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