ASEAN countries currently increased imports of squid from Vietnam. The export value of Vietnam squid to this market accounted for 96.9% of Vietnam’s cephalopod exports to ASEAN. In Jan-Jul 2017, shipments of Vietnam’s squid products all increased, except for other processed items. Of that, sales of live/fresh/frozen squid posted the 3-digit growth.
|
VIETNAM CEPHALOPOD EXPORTS TO ASEAN BY PRODUCTS, Jan-Jul 2017 |
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|
Products |
VALUE (US$) |
Proportion (%) |
Variation |
|
Squid (1) |
36.898.890 |
96.9 |
38.1 |
|
- Other processed squid (HS code 16) |
144.396 |
|
-25.9 |
|
- Dried/grilled squid (HS code 03) |
33.951.378 |
|
31.6 |
|
- Live/fresh/frozen squid (HS code 03) |
2.803.116 |
|
290.9 |
|
Octopus (2) |
1.175.686 |
3.1 |
114.4 |
|
- Processed octopus (HS code 16) |
893.431 |
|
132.3 |
|
- Dried/salted/live/fresh/frozen octopus (HS code 03) |
282.255 |
|
72.4 |
|
Total (1 + 2) |
38.074.575 |
100 |
39.7 |
|
(Source: Vietnam Customs) |
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Currently, Thailand and Malaysia are the two major importers of Vietnam cephalopod in the region. In particular, shipments to Thailand picked up the proportion of 77% of Vietnam’s total cephalopod exports to ASEAN and exports to the market are on the upward trend. In the first 7 months of this year, Vietnam’s cephalopod sales to Thailand amounted to US$29 million, up 34% from a year before.
In addition, according to ITC statistics, Thailand was also the biggest buyer of cephalopod in ASEAN. In the first half of this year, cephalopod imports into the country accounted for 45% of total imports into ASEAN, with the value of US$37 million, but down over 74% over the same period last year. Vietnam and China are the two leading suppliers to Thailand. While Thailand increased imports from Vietnam, the market remarkably reduced those of this item from China.
Imports of frozen squid (HS code 030749) took up the highest value into ASEAN; followed by live/fresh/chilled squid (HS code 030741); frozen octopus (HS code 030759), processed squid (HS code 160554); processed octopus (HS code 160555) and live/fresh/chilled octopus (HS code 030751). Imports of frozen squid occupied the highest proportion of 81.3% of the total import value of cephalopod into ASEAN while those of the remaining items accounted for 10%.
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.
(seafood.vasep.com.vn) According to data from General Department of Vietnam Customs, the UK imported nearly $3 million worth of pangasius from Vietnam in the first half of March 2024. Cumulative pangasius exports to this market reached $12 million as of March 15, 2024, down 3% from the same period last year.
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at 13.53 billion USD, up 21.8% over the same period last year; and this results in a trade surplus of 3.36 billion USD, a rise of 96.5%, according to the Ministry of Agriculture and Rural Development (MARD).
The southernmost locality is developing shrimp farming models that generate large outputs but are environment-friendly.
(seafood.vasep.com.vn) An Giang province's aquaculture output is predicted to reach 172.3 thousand tons in the first quarter of 2024, up 6.37% (+10.3 thousand tons) from the same time the previous year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, as of March 15, 2024, Vietnam's cephalopod exports reached more than 109 million USD, a slight decrease of 3% compared to the same period in 2023. In the first quarter of this year, Vietnam's cephalopod exports are expected to reach about 136 million USD, down 2% over the same period last year.
(vasep.com.vn) According to statistics from the International Trade Centre (ITC), Portugal is the 6th largest tuna importer in the EU. In 2023, the country's tuna imports from other countries increased by 9% compared to 2022, reaching nearly 241 million USD.
(vasep.com.vn) Vinh Hoan Corporation has just announced supplementary documents for the 2024 Annual General Meeting of Shareholders, scheduled to be held on April 17.
(seafood.vasep.com.vn) Sao Ta Food Joint Stock Company (FIMEX VN) has just announced that in March 2024, finished shrimp output reached 2,000 tons and finished shrimp consumption reached 1,693 tons, an increase of 74%, and 42% over the same period in 2023, respectively.
(seafood.vasep.com.vn) In February 2024, Vietnam pangasius exports to China and Hong Kong decreased by 65% compared to February 2023, reaching 23 million USD.
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