According to the General Department of Customs, in March, seafood exports to China reached US$182 million, an increase of 2.2 times compared to February. Generally in the first quarter, seafood exports to China reached US$326 million, up doubled compared to the same period in 2021.
Thus, although China has just experienced a wave of COVID-19 with a sudden increase in the number of new infections, blocking many seafood capitals such as Guangdong and Shanghai, tightening the food import process... but exporting seafood Vietnamese products to this market still grew well.
The fact that China is consistent with the Zero COVID-19 policy, strengthening quarantine for frozen seafood is a difficulty for all seafood export markets, not only Vietnam.
Regarding pangasius exports, BIDV Securities Company (BSC) said that two weeks after China announced the blockade of many cities, the export of this item has not shown any signs of decline.
In the first quarter, pangasius exports to China were estimated at 65,000 tons, equivalent to USD 165 million, up 87% in volume and 2.6 times in value compared to the same period in 2021. The average pangasius selling price reached USD 2,530/ton, up 74%.
BSC believes that China will gradually move towards reopening and then its pangasius consumption will be on par with the US. This will be a factor driving the growth of the pangasius industry in the second half of this year.
As for shrimp, the Association of Seafood Exporters and Producers (VASEP) said that after a sharp decline of 22% in 2021, shrimp exports have shown signs of growth recovery earlier this year.
In the first 2 months of the year, shrimp exports to this market reached nearly 40 million USD, up 14% over the same period last year.
VASEP forecasts that in 2022, China's shrimp imports will increase sharply. However, China's regulations and barriers are still strict, and businesses exporting to this market need to ensure the control and prevention of COVID-19 during the production and export of shrimp to China.
With positive signals in the first quarter of many seafood products, the Import-Export Department (Ministry of Industry and Trade) believes that the prospect of seafood exports to the Chinese market will be optimistic in 2022.
Compiled by Minh Trang
(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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