Seafood exports to reach over US$4 billion

Other 15:10 13/09/2014 502
(vasep.com.vn) Seafood exports by Vietnam in August 2013 continued to increase by 4.5-5 percent to register an estimated turnover of US$590 million. The figure in Jan-Aug 2013 is to reach nearly US$4.1 billion, up 2.5 percent from the compatible period of 2012.

Shrimp exports reported the growth of 38 percent with export turnover of US$280 million in August 2013. Shrimp shipment up to Aug 2013 generated US$1.67 billion, up 18 percent from the same period of 2012. Whiteleg shrimp exports are accounting for over 46 percent of Vietnam’s total shrimp export value.

Whiteleg shrimp is making up an equal proportion in a comparison with that of black tiger shrimp. Exports of whiteleg shrimp will be boosted in some months ahead to compensate for shorter black tiger shrimp production. With average monthly shrimp exports of US$250 million, shrimp shipment in 2013 are expected to total US$2.5 billion – US$2.6 billion, up 12-16 percent compared to 2012 when sales of shrimp abroad reached US$2.24 billion.

In contrast, exports of pangasius, tuna and other marine products tend to drop. In August 2013, pangasius exports down 14 percent, tuna exports dropped 25 percent and cephalopod shipment fell 10.7 percent.

Year to date pangasius exports were estimated to register US$1.13 billion, down 2.5 percent from the compatible time of last year; tuna exports were slated to reach US$376 million, down 5 percent. In the upcoming months, exports of these items find it hard to recover due to instable supply of raw material and low demand from international markets.

Vietnam’s estimated seafood exports, Jan-Aug 2013 (US$mil.)

Products

Jul 2013 (Value)

Estimation for Aug 2013 (Value)

Compared to Aug 2012 (%)

Estimation for Jan-Aug 2013 (Value)

Compared to the same period of 2012 (%)

Shrimp (HS code 03 and 16)

291.267

279.522

+38.0

1673.737

+18.0

                  - Whiteleg shrimp

153.386

161.238

+150.6

770.492

+65.2

                   - Black tiger shrimp

119.375

102.351

-11.8

782.063

-0.62

Pangasius (HS code 03 and 16)

135.551

140.574

-14.0

1125.664

-2.5

Tuna (HS code 03 and 16)

42.595

39.393

-25.0

375.722

-5.1

                 - Tuna HS code 16

20.753

21.963

+16.3

160.055

+18.6

                 - Tuna HS code 03

21.842

17.430

-48.2

215.667

-17.4

Other finfish (HS code from 0301 to 0305 and 1604, ex.tuna and pangasius)

73.068

75.554

-10.4

533.557

-5.6

Mollusk (HS code 0307 and 16)

44.981

41.894

-11.6

319.063

-16.6

                - Cephalopod

39.102

36.900

-10.7

268.971

-18.8

                - Bivalve mollusk

5.783

4.874

-19.7

49.055

-5.0

Crab, swimming crab (HS code 03 and 16)

11.522

12.864

-10.5

60.491

-13.5

TOTAL

598.984

589.800

+4.5

4088.234

+2.5

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