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) 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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