Vietnam ranked the 20th in top leading suppliers of cephalopod to China and the 4th largest exporter of live/fresh/chilled squid (HS cod 030741) to the market behind North Korea, Japan and Indonesia. Out of top 4 suppliers of live/fresh/chilled squid to China, only Vietnam and Indonesia enjoyed the tax rate of 0%, while the others were subject to the tax rate up to 6%.
Vietnam held as the 3rd biggest exporter of frozen octopus (HS code 030759) to China behind Japan and Mauritania. For this item, Vietnam also enjoyed the tax rate of 0% while India, which is also one competitor of Vietnam, was subject to the tax of 17%.
The import demand for cephalopod products in China is high, which is for domestic consumption and re-exporting. In addition, the country imports mainly raw materials with low value and buys more frozen squid for middle-income Chinese farmers.
|
CEPHALOPOD IMPORTS INTO CHINA |
||||||
|
Products |
Volume (kg) |
Value (Thousand US$) |
||||
|
Jan-May 2016 |
Jan-May 2017 |
Variation (%) |
Jan-May 2016 |
Jan-May 2017 |
Variation (%) |
|
|
Processed squid (HS code 160554) |
3,745,595 |
8,809,344 |
135.2 |
6,328 |
25,779 |
307.4 |
|
Frozen squid (HS code 030749) |
52,814,449 |
2,662,741 |
-95.0 |
100,355 |
10,008 |
-90.0 |
|
Processed octopus (HS code 160555) |
1,027 |
9,223 |
798.1 |
11 |
47 |
327.3 |
|
Live/fresh/chilled squid (HS code 030741) |
2,706 |
0 |
-100.0 |
51 |
0 |
-100.0 |
|
Frozen octopus (HS code 030759) |
743,706 |
185,198 |
-75.1 |
2,745 |
784 |
-71.4 |
|
Live/fresh/chilled octopus (HS code 030751) |
11 |
11,952 |
108,554.5 |
0 |
84 |
|
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