Accounting for 13.8 percent of the country’s shrimp export value, the EU was the fourth largest shrimp export market of Vietnam, coming after the US, Japan and China.
Despite declines at the start of this year, shrimp exports to the EU saw significant growth in the third quarter, thanks to the impact of the EVFTA which came into effect from the beginning of August.
In September alone, Vietnam exported shrimp worth 57.6 million USD to the EU, representing a rise of 35.4 percent against September last year.
January-September shrimp exports to the EU totalled more than 371 million USD, up by 2.3 percent.
The EU was a market with good profit margins and this would be the market that many enterprises would focus on to expand exports in the remaining months of this year.
Vietnam’s shrimp exports in September totalled nearly 385 million USD, up by more than 25 percent against the same month last year, the highest growth rate recorded since March.
Besides the EU, exports to other major markets also saw significant increases, such as to the US by 39.6 percent, China by 22.9 percent, the Republic of Korea 3.2 percent, the UK 54.3 percent, Canada 47 percent and Australia 50.7 percent.
Shrimp exports totalled 2.7 billion USD in January – September, a year-on-year increase of 10.5 percent.
The US was the largest shrimp export market of Vietnam, accounting for 24 percent of the country’s shrimp export value. Vietnam exported shrimp worth more than 634.4 million USD to the US in January – September, up by 33 percent over the same period last year.
Vietnam’s shrimp exports would continue to increase in the last months of this year due to the low shrimp supply globally, especially from India.
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.
(seafood.vasep.com.vn) According to data from General Department of Vietnam Customs, the UK imported nearly $3 million worth of pangasius from Vietnam in the first half of March 2024. Cumulative pangasius exports to this market reached $12 million as of March 15, 2024, down 3% from the same period last year.
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at 13.53 billion USD, up 21.8% over the same period last year; and this results in a trade surplus of 3.36 billion USD, a rise of 96.5%, according to the Ministry of Agriculture and Rural Development (MARD).
The southernmost locality is developing shrimp farming models that generate large outputs but are environment-friendly.
(seafood.vasep.com.vn) An Giang province's aquaculture output is predicted to reach 172.3 thousand tons in the first quarter of 2024, up 6.37% (+10.3 thousand tons) from the same time the previous year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, as of March 15, 2024, Vietnam's cephalopod exports reached more than 109 million USD, a slight decrease of 3% compared to the same period in 2023. In the first quarter of this year, Vietnam's cephalopod exports are expected to reach about 136 million USD, down 2% over the same period last year.
(vasep.com.vn) According to statistics from the International Trade Centre (ITC), Portugal is the 6th largest tuna importer in the EU. In 2023, the country's tuna imports from other countries increased by 9% compared to 2022, reaching nearly 241 million USD.
(vasep.com.vn) Vinh Hoan Corporation has just announced supplementary documents for the 2024 Annual General Meeting of Shareholders, scheduled to be held on April 17.
(seafood.vasep.com.vn) Sao Ta Food Joint Stock Company (FIMEX VN) has just announced that in March 2024, finished shrimp output reached 2,000 tons and finished shrimp consumption reached 1,693 tons, an increase of 74%, and 42% over the same period in 2023, respectively.
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