In March, Vietnam exported seafood to 130 markets, in which, the US market was still the pioneer in both turnover and export growth with 136 million USD, up by 36% compared to March 2020, accounting for nearly 20% of total seafood exports of Vietnam, followed by Japan with 125 million USD, accounting for 17.6%. Ranked third is the Chinese market with 103 million USD, up by 15% and accounting for 14%. Exports to South Korea also increased by 15% to 65 million USD, being the fourth market, accounting for 9%.
Demand for seafood in the retail and service segments both tends to increase in major markets such as the US and EU and China's removal of the congestion at import ports since March has had a positive impact to Vietnam's seafood export activities to these markets.
However, seafood export data in March as well as the first 3 months of 2021 shows that there are single markets, which are not in the top 5 seafood import markets of Vietnam, have impressive growths and are gradually asserting their indispensable position in Vietnam's seafood exports. Those are Thailand, UK, Russia, Australia, Canada, which account for 3-4% each of Vietnam's seafood exports.
Seafood exports from Vietnam to Thailand in March increased by 44%, to the UK increased by 20%, to Russia increased by 68%. Exports to 2 CPTPP countries, Australia and Canada, increased by 28% and 9%, respectively.
In the export turnover to Thailand, 30% of the value comes from processing activities of joint venture companies, processing marine fish products such as surimi, fish cakes and canned tuna ... the rest are products of Vietnam enterprises. Vietnam mainly exports to this market pangasius, frozen squid, dried squid ...
Increasing retail sales of seafood in the UK from the beginning of the year, especially with warm water shrimp, tuna and some marine fish are favorable factors for Vietnamese seafood enterprises. Russian import demand also tends to increase, the room for Vietnamese enterprises is being expanded. Recently, Russia announced more 9 seafood processing companies and factories to the list of exporters allowed to export seafood to this market, bringing the list to 44 units allowed to export to Russia.
By the end of the first quarter of 2021, Vietnam's seafood exports reached US $ 1.73 billion, an increase of nearly 7% over the same period last year. In particular, shrimp exports increased by 5% to 661 million USD, pangasius exports increased by 3% to 344 million USD, tuna reached 151 million USD, also up 3%, other marine fish increased by sharply 14% to 402 million USD, cephalopod sales increased by 8% to 116 million USD.
(seafood.vasep .com.vn) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.
(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.
(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.
(seafood.vasep.com.vn) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.
(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.
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