Among the top 5 largest import markets for Vietnamese shrimp, the US is the market with the best growth rate. During the period of social distancing to prevent the Covid-19 epidemic, shrimp exports to the US only decreased in August and quickly recovered in September, up 8% to $97.6 million. Accumulated in the first 9 months of the year, shrimp exports to the US reached over 775 million USD, up 22% over the same period.
The US remains the leading import market for vannamei shrimp of Vietnamese enterprises. 89% of shrimp export value to the US is vannamei shrimp products. In which, the value of processed vannamei (HS code 16) decreased slightly by 0.6%, live/fresh, frozen whiteleg shrimp (HS code 03) increased by 49%. Black tiger shrimp accounted for only 8.8% of Vietnam's total shrimp exports to the US, also recording a value increase of 46%. In which, the export of fresh/frozen black tiger shrimp (HS code 03) increased by 72%. However, processed black tiger shrimp exported to the US decreased by 29%. Marine shrimp exports to the US increased by 42%, especially dried marine shrimp with a good growth of 96% compared to the same period in 2020.
The US demand for large shrimp is recovering, the US also has high demand for fresh/frozen meat (PD) shrimp products from Vietnam. It is expected that from now until the end of the year, Vietnam's shrimp exports to the US will continue to increase and this growth momentum will last until Q.I/2022.
Retail sales in the US remain up during the pandemic. The US's demand for shrimp imports is still high for takeout and delivery. Demand for restaurants and food services in the US is gradually recovering due to the rapid speed of vaccination in this country.
For detailed information on the export of shrimp and other aquatic products to different markets in the first 9 months of 2021, please register for the Report on Vietnam Seafood Exports QIII/2021.
(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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