In the second quarter of 2020, cephalopod exports to Korea continued to decrease, but the rate of reduction was lower than that of the first quarter. In the second quarter of 2020, the export value of squid and octopus to South Korea reached US$57.6 million, down 1.9% compared to the second quarter of 2019. In particular, in June 2020, exports to Korea grew positively after 3 consecutive months of decline. Vietnam's squid and octopus exports to Korea increased by 23.5% in June 2020, but due to a decrease in the previous months, the export of squid and octopus to this market still decreased by 15% in the first 6 months of 2020 reached over US$102 million.
The decrease in export prices and demand for consumption due to the Covid-19 epidemic was one of the factors affecting the export of Vietnamese octopus and squid to South Korea in the first half of 2020. In the second quarter of 2020, the Covid-19 pandemic in South Korea was less stressful than the first quarter, so the export of squid and octopus to this market avoids further decline.
In the structure of Vietnamese cephalopod products exported to Korea, octopus still dominated with 69.1%, squid made up for 30.9%. In the first half of 2020, the export of squid to South Korea rose by 4.6% while that of octopus fell by 21.6%. Smoked, dried squid (HS03 code) recorded an increase of 13.3%, the best growth among squid and octopus products exported to Korea. Processed squid exports to Korea also increased slightly by 1%. While the export value of processed octopus and dried/salted/live/fresh/frozen octopus decreased by 24% and 22% respectively over the same period in 2019.
South Korea mainly imports squid and octopus products from Vietnam such as peeled dried squid, frozen processed squid, frozen sushi squid, frozen cleaned cuttlefish, frozen pine cut cuttlefish, and frozen cleaned whole octopus, frozen cut octopus, frozen processed octopus ... In the first 6 months of 2020, prices of squid products exported from Vietnam to Korea ranged from US$9.7 to US$13.9/kg, that of octopus ranged from US$6 - US$6.4/kg.
Currently, Vietnam enjoys an export tax of 0% to Korea for live/fresh/ and frozen octopus products (HS030751 and HS030759). Dried/salted/live/fresh/frozen octopus also accounted for the highest proportion of the total squid and octopus products exported to Korea.
According to ITC data, in the first half of 2020, South Korea imported squid and octopus from 9 suppliers with an import value of over US$126 million, down 13% over the same period in 2019. China was the largest supplier of squid and octopus to South Korea. Among the main suppliers, South Korea increased imports of squid and octopus from Indonesia and India, imports from the remaining suppliers declined.
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam's crab export value in March 2024 reached more than 18 million USD, an increase of 66% over the same period last year. Cumulatively, in the first 3 months of the year, export turnover reached more than 52 million USD, up 75% over the same period.
Vietnam's pangasius exports to Brazil reached nearly USD 28 million in the first quarter of 2024, surging by 44% compared to the same period in 2023.
(vasep.com.vn) According to Vinh Long Statistics Department, the whole province currently has 2,119 hectares of aquaculture area, an increase of 1.03% (equivalent to an increase of 21.62 hectares) over the same period last year; Of which the industrial pangasius farming area is 370.8 hectares, an increase of 0.12% or an increase of 0.42 hectares.
(seafood.vasep.com.vn) 2023 was an unsuccessful year not only for Vietnamese but also for Thailand tuna exporters in the Middle East market. Thailand's tuna exports to this market decreased by 21% in value and 27% in volume compared to 2022. Therefore, the Middle East dropped to second position among Thailand's export markets after the US, accounting for 22% of total export turnover in 2023.
Competent ministries, sectors and localities should continue efforts to lift the European Commission’s “yellow card” against the Vietnamese seafood products for illegal, unreported and unregulated (IUU) fishing, as an inspection team of the commission will visit Vietnam soon, Minister of Agriculture and Rural Development Le Minh Hoan.
(seafood.vasep.com.vn) According to data from Vietnam Customs, in March 2024, Vietnamese pangasius export turnover to markets reached 156 million USD, down 14% over the same period. Vietnam pangasius export value in QI/2024 reached 411 million USD, down 3% compared to QI/2023.
(vasep.com.vn) According to data from the Department of Fisheries, as of March 20, 2024, the shrimp farming area reached about 348,670 hectares, including 334,799 hectares of black tiger prawn farming area and 13,871 hectares of white leg shrimp farming area.
(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.
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