Currently, Vietnam exports fish cakes and surimi products to 39 markets around the world. In which, Korea, Thailand, China, Japan, Russia, Malaysia, Belarus and Taiwan are the 8 single markets that import the most fish cakes and surimi from Vietnam, accounting for 88% of the total export value.
Korea is currently the largest import market for fish cakes and surimi of Vietnam. After a decline in Vietnam's imports of fish cakes and surimi in 2020, South Korea's imports in 2021 tend to be unstable. The export value of Vietnam's fish cakes and surimi to the market in the first 5 months of 2021 is equivalent to the same period in 2020, reaching more than 34.3 million USD.
Similarly, Thailand also tends to increase imports of fish cakes and surimi from Vietnam in 2021. In the first five months of 2021, the country imported more than US$34.2 million worth of Vietnamese surimi, an increase of 83% compared to the same period of 2020. The share of this market in Vietnam's total exports of fish cakes and surimi increased from 16% to 22%.
Vietnam's exports of fish cakes and surimi to China are also maintaining their growth momentum, reaching $22 million in the first five months, up 14% over the same period in 2020.
Russia, Malaysia, Belarus and Taiwan are also increasing imports of fish cakes and surimi from Vietnam. Notably, exports to the Belarusian market grew strongly. In 2020, Belarus was only a small import market, but in 2021, with a "galloping" rate of 8,148% over the same period, this country is the 7th largest import market of Vietnamese surimi.
(seafood.vasep .com.vn) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.
(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.
(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.
(seafood.vasep.com.vn) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.
(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.
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