This 11 per cent jump in exports was the result of an increase in value-added fish products and enterprises venturing into new markets.
Seafood exports during May 2012 stood at USD 37.4 million against the USD 32.9 million of May 2011.
Exporters have been conducting business with the following new markets: Egypt, the Middle East and Indonesia. In addition, China has begun buying higher quantities of high value-products like cuttlefish, scads and shrimp from Pakistan, said Chairman Pakistan Fisheries Exporters Association Faisal Iftikhar.
In July, fishing will be banned to protect shrimp and other species during their breeding season.
According to sources in the industry, the European Union (EU) may soon lift the ban on imports from Pakistan, as the parties have been holding talks on the technical aspects. If the EU lifts the ban, Pakistan’s profits would be able to rise quickly, as exporters often make good deals when selling their products to the EU market.
The EU banned the import of Pakistani seafood way back in 2007, when an EU mission visited the country and found Pakistan’s seafood storage to be unhygienic and determined that it failed to maintain the cold chain, among other issues. Exports to the EU have remained banned since then. Pakistan’s exports to EU member countries stood at around USD 50 million in 2006.
“If exports to EU had continued, the country would have earned at least USD 50 millions more,” said one official of Marine Fisheries Department.
Continued seafood sales to the EU would have led to sales of more than USD 300 million, as kidney shrimp did not fetch good prices in other market compared to EU. Out of total export of USD 194 million in 2005-06, exports to EU made up over 25 per cent with USD 50.06 million.
Pakistan’s seafood exports have since increased as exporters discovered new buyers, yet these fetch lower prices.
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
(seafood.vasep.com.vn) In November 2024, Vietnam's tuna exports failed to maintain the rapid growth momentum seen earlier. Export value during the month increased by nearly 4% year-on-year, reaching approximately USD 82 million. Cumulatively, the export value for the first 11 months of 2024 totaled USD 903 million, a 17% increase compared to the same period in 2023. However, at this growth rate, the total export turnover for 2024 is estimated to only reach around USD 1 billion.
(seafood.vasep.com.vn) On the evening of December 24, 2024, in Hanoi, the Central Youth Union, Viet nam Youth Federation and the Vietnam Young Entrepreneurs Association held the Vietnam Golden Star Award Ceremony 2024, with the theme "Reaching Vietnam", honoring 200 outstanding enterprises. Deputy Prime Minister Nguyen Hoa Binh attended.
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