In the structure of Vietnam's seafood export in the past three years to the South Korean market, shrimp is the product with the highest export value, with an average of 15-40 million USD/month. Currently, South Korea is the third largest white shrimp export market of Vietnam (after the US and Japan).
In the first three months of this year, South Korea continued to order white shrimp from Vietnam with outstanding products such as HLSO whiteleg shrimp, fresh and frozen Nobashi white shrimp, fresh and frozen sushi, butterfly whiteleg shrimp, frozen PD white shrimp. In addition, this market also imports fresh and frozen PTO black tiger shrimp from Vietnam.
Originally a large traditional export market of Vietnamese shrimp exporting enterprises, in 2020, shrimp exports to this market was affected by the Covid-19 epidemic, the average shrimp export price to South Korea also decreased slightly.
In the first 3 months of 2021, there were nearly 30 shrimp processing enterprises participating in exporting shrimp to the South South Korean market, of which, Ca Mau Seafood Processing and Service Joint Stock Company (CASES) was the enterprise with the largest export value to this market, followed by businesses such as: MINH PHU HAU GIANG (Hau Giang); Minh Hai Seafood Joint Stock Company (SEA MINH HAI - Bac Lieu); Ngoc Trinh Bac Lieu Seafood Company Limited and Hai Viet Corporation (HAVICO - Ba Ria - Vung Tau).
According to the latest statistics of ITC, in the first two months of this year, South Korea also imported shrimp from more than 100 markets, of which Vietnam is still the leading shrimp supplier of South Korea. In addition, a number of other major shrimp suppliers are also focusing on exporting shrimp to the South South Korean market such as Thailand, Ecuador, Argentina, China, Malaysia ...
In 2020, South Korean seafood importers will also face many difficulties due to the Covid epidemic. So far, due to neglect and subjectivity with epidemics, the 4th wave of infections has returned to the country in March-April 2021. Currently, the authorities have increased surveillance in highly infectious places such as restaurants, cafes, steam facilities and childcare centers. Health officials could tighten regulations in crowded places and business activities if this trend continues. Therefore, in the upcoming time, business activities of South Korean seafood enterprises may not avoid the impact, and sales are likely to decrease.
(seafood.vasep.com.vn) Vietnam's tuna exports reached around $84 million in March 2024, a 17% rise. Vietnam's total tuna export revenue for the first three months of 2024 was $215 million, up 19% from the same time in 2023 but down 17% from 2022. It is anticipated that tuna exports may miss the billion-dollar mark as in 2022 at this rate and the difficulties the business faces.
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.
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