South Korea raised imports of dried/smoked squid from Vietnam

News 16:33 02/10/2020
(seafood.vasep.com.vn) South Korea was Vietnam's largest importer for squid and octopus, accounting for 42.5% of the total export value of this item of Vietnam to markets.

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.

Bạn đang đọc bài viết South Korea raised imports of dried/smoked squid from Vietnam tại chuyên mục News của Hiệp hội VASEP

TIN MỚI CẬP NHẬT

Vietnam’s tilapia makes its mark thanks to sustainability and nutritional value

 |  09:26 12/12/2025

(seafood.vasep.com.vn) Tilapia is easy to farm and provides high economic and nutritional value, making it a sought-after export commodity in many countries.

Vietnam’s seafood exports in 2025 are heading towards the USD 11 billion mark

 |  08:50 10/12/2025

(seafood.vasep.com.vn) Vietnam’s seafood exports in the first 10 months of 2025 recorded significant progress, reaching more than USD 9.5 billion, up 15% year-on-year. This result reflects the sector’s persistent efforts amid a highly volatile market, especially policy shocks from the US Although signs of slowdown emerged in the third quarter due to countervailing taxes, key product groups still maintained strong momentum and created a foundation for full-year exports to reach USD 11 billion.

Vietnam’s tuna on the brink of 0% tariffs in the U.S: Breakthrough potential but significant challenges remain

 |  08:37 08/12/2025

(seafood.vasep.com.vn) Vietnam’s agreement with the United States on a framework for reciprocal, fair, and balanced trade—reached during the 2025 ASEAN Summit in Malaysia—has generated strong optimism for Vietnamese exports, including tuna. Numerous positive points in the joint statement have raised high expectations for Vietnamese export goods, but turning these expectations into tangible benefits remains a long and challenging journey.

Solutions to promote Ca Mau crab exports

 |  09:16 04/12/2025

(seafood.vasep.com.vn) At the conference on “Linking the Production and Consumption Chain of Ca Mau Crab 2025,” Vice Chairman of the Ca Mau Provincial People’s Committee Lê Văn Sử posed a central question: how to shift the province’s crab exports toward official trade channels, instead of relying heavily on small-scale border trade with China as currently practiced.

Japanese market expands its demand for Vietnamese pangasius

 |  09:16 03/12/2025

(seafood.vasep.com.vn) The whitefish market in Japan is showing a clear divergence among supplying countries, in which Vietnam continues to affirm its role as a stable and high-potential exporter. Vietnam currently ranks third after the US and Russia in whitefish export value to Japan. Thanks to tariff incentives and the ability to meet Japan’s strict standards, Vietnamese pangasius continues to record a stable and positive growth trend.

Ca Mau expands RAS-IMTA shrimp farming model to 1,500 hectares

 |  09:16 01/12/2025

(seafood.vasep.com.vn) The People's Committee of Ca Mau Province has just issued a plan to expand the super-intensive, low-water-exchange, biosecure white-leg shrimp farming model (RAS-IMTA) for whiteleg shrimp farming to a scale of 1,500 hectares, aiming to develop high-tech, sustainable and environmentally friendly shrimp farming.

Sa Giang plans to double its charter capital, raising 465 billion VND to invest in Hoan Ngoc Food.

 |  15:21 27/11/2025

(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company (HNX: SGC) plans to issue over 7.1 million shares to raise nearly 465 Billion VND for Hoan Ngoc M&A Deal.

Vietnam’s tilapia industry accelerates: From short-term opportunities to long-term strategy

 |  09:19 27/11/2025

(seafood.vasep.com.vn) According to Rabobank, global tilapia production is forecast to exceed 7 million tons in 2025, driven by a strong recovery in major producing countries including China, Indonesia, Egypt, Bangladesh and Vietnam. Among them, Vietnam is emerging as a potential tilapia supplier in the global supply chain, capitalizing on market fluctuations to expand production and exports.

Seafood exporters break through after a period of slowdown

 |  09:04 26/11/2025

By the end of Q3/2025, Vietnam’s seafood industry recorded a clear recovery as a series of leading companies reported strong profits — some even achieving the highest results in their history. After several quarters struggling with high costs and weakened demand, the latest business results indicate a robust comeback across the industry.

Vietnam and the Netherlands cooperate to build a national brand for a sustainable seafood industry

 |  08:25 25/11/2025

(seafood.vasep.com.vn) On November 12 in Ho Chi Minh City, the Embassy of the Netherlands, in coordination with the Ministry of Agriculture and Environment, organized the Vietnam–Netherlands Business Forum under the theme “Shaping the future of sustainable aquaculture in the Mekong Delta.”

VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM

Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội

Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO

Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu

Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông

Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn

Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh

Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn

VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội

Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn

© Copyright 2020 - Mọi hình thức sao chép phải được sự chấp thuận bằng văn bản của VASEP

DANH MỤC