In 2017, exports of squid remained to take the large share of 56.3% of total export value. Shipments of fresh/live/frozen squid accounted for the highest proportion of 36.2%, followed by dried/salted/fresh/frozen octopus with 36%.
Sales of of other processed squid (HS code 16) increased sharply by 66%; followed by those of live/fresh/frozen octopus (HS code 03) with 53%; those of live/fresh/frozen squid (HS code 03) with 46% compared to 2016 and those of dried/grilled squid (HS code 03) with 12%.
In 2017, Vietnam exported cephalopod to 63 markets. In particular, the total export value to 9 main markets picked up 98.9% of the total export value of Vietnam cephalopod.
Exports to South Korea remained the good growth from the beginning of the year. Vietnam’s cephalopod exports to South Korea in December 2017 reached US$19.7 million; increasing by 8.6% over the same period in 2016. The figure in 2017 totaled over US$218 million; up 31.6% over the same period last year. South Korea stayed as the biggest buyer of Vietnam cephalopod, accounting for 35% of Vietnam’s total export value of cephalopod to markets.
Vietnam’s cephalopod sales to Japan reported the continuous growth from the beginning of the year. The export value of Vietnam cephalopod to the market in December 2017 reached US$12.8 million, up 7.7% over December 2016. The figure in 2017 estimated at US$148.7 million , up 35.6% from a year before. Japan ranked the second in top leading importers of Vietnam, accounting for 24%. Japan's economy expected to rebound in 2017 and the yen's appreciation has led to a surge in demand for imported seafood, which has facilitated Vietnam's cephalopod exports to the market.
The EU was the third largest buyer Vietnam cephalopod in 2017. Vietnam’s cephalopod exports to the EU in December 2017 decreased by 23.6% to see US$7.4 million due to the impact of the EU "yellow card" warning. However, the figure in 2017 increased remarkably by 51.6% to over US$106 million. Italy, Spain and France continued to be top three largest importers of Vietnam cephalopod in the EU. Exports to these three markets all recorded the 2-3 digit growth. In 2017, exports to Italy and Spain increased by 35% and 66.8%, respectively while those to France inched up 133.8% year on year.
ASEAN held as the 4th rank. Vietnam’s cephalopod exports to the region in December 2017 touched US$5.3 million, up 5.2% compared with December 2016. Thailand and Malaysia were two major buyers of Vietnam cephalopod in ASEAN. Vietnam currently boosted cephalopod exports to the region. The shipments to ASEAN in 2017 gained US$71.5 million, up 39% year on year.
China was the most important seafood importer of Vietnam in 2017 with strong growth in all seafood products. Exports of cephalopod to this market in 2017 touched US$39.8 million in 2017; up 140.9% over 2016. In which, exports to Hong Kong reached US$6.9 million, up 21.4%.
Exports to China registered the highest growth rate among major markets for cephalopod from Vietnam in the period. The country claimed as the fifth largest buyer of Vietnam cephalopod, accounting for 6.4% of Vietnam's total exports of the items to markets.
Chinese customers increasingly preferred Vietnam cephalopod. The demand for octopus in China is rising in restaurants and in households. In addition, a rise in tourist arrivals also boosted demand for this item in China.
Online shopping in China is becoming more popular, which also stimulates seafood sales in this market. China expected to continue as an important and potential market for Vietnam’s cephalopod enterprises in the coming time, when exports to mainstream markets face difficulties.
The U.S ranked th 6th in top leading cephalopod buyers of Vietnam. Although Vietnam’s exports of shrimp and pangasius to the U.S decreased, those of cephalopod to this market still increased by 94.7% to eye US$9.7 million in 2017.
Vietnam’s cephalopod exports in the first 3 months of 2018 expected to remain stable compared to the same period in 2017.
(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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