The US is currently Vietnam's 6th largest importer of cephalopod, accounting for 2.7% of Vietnamese total export value of these items to markets. As of September 2019, Vietnamese cephalopod exports to the US have consistently achieved positive growth of 2 to 3 numbers. Notably, the growth rate in April and September reached over 100%.
In the first 9 months of 2019, the US was the only market among the top 6 major importers to record positive growth. As the US-China trade war has been escalating, the US increased a 30% tax on some imported cephalopod products from China, creating more opportunities for Vietnamese cephalopod enterprises to boost exports to the US.
The US imports from Vietnam more squid products than the octopus. The main products of cephalopod exported from Vietnam to the US include dried squid, spiced squid, simmered squid (HS 03074929) with the price ranging from US$8.5- US$10/bag (CIF), frozen cuttlefish (HS 03074310) with the price ranging from US$14.2- US$17.5/kg (CFR), frozen whole octopus (HS 03075200) with the price ranging from US$1.5- US$1.7/pound and frozen processed octupus (HS 16055500) with the price ranging from 10.5 to US$17.4/kg.
According to ITC, US's cephalopod imports in the first 8 months of 2019 decreased by 20% compared to the same period in 2018. Spain was the largest supplier of cephalopod for the US, accounting for 27% of the total import value of cephalopod into this market, followed by China, accounting for 25%. Vietnam ranked 10th on supplying cephalopod to the US, accounting for 3.3% market share.
(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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