Except for June, since February this year, Vietnam’s exports of cephalopod to ASEAN witnessed a two-digit year-on-year growth.
At present, ASEAN was the 4th biggest buyer of Vietnam, representing 11.5% of total cephalopod export value.
ASEAN increased imports of squid from Vietnam. Vietnam squid sales to ASEAN took up over 95% of total cephalopod exports to the market.
Among ASEAN, Thailand was the major market for Vietnam cephalopod with about 77% of total cephalopod exported to the region. In other words, Vietnam’s cephalopod exports to Thailand have been increasing. In the first 10 months of 2017, Thailand imported more than US$44 million of Vietnam cephalopod, rising by 36.3% year on year.
According to statistics of ITC, among ASEAN, Thailand was the biggest importer of cephalopod from all over the world. The cephalopod import value of this country in the first 9 months of 2017 took up 43.2% of total imports into ASEAN and amounted up to US$60 million. However, cephalopod imports into Thailand appears to be decreasing recently, with a total fall of nearly 76% compared to the same period last year. Among two biggest cephalopod suppliers to Thailand, including Vietnam and China, while its imports from Vietnam increased, those from China decreased considerably.
Frozen squid (HS code 030749) was the product with the highest import value in ASEAN; followed by processed squid (HS code 160554), processed octopus (HS code 160555) and fresh/live/frozen octopus (HS code 030751). Among all, frozen squid accounted for the highest share of 71% of total cephalopod import value of ASEAN, while all the rest took up less than 10% individually. Remarkably, total import value of processed cephalopod into ASEAN increased dramatically in the first half of the year.
|
Cephalopod imports into ASEAN (Source: Trademap, Unit: thousand US$) |
||||
|
HS code |
Products |
QI-QIII/2016 |
QI-QIII/2017 |
Variation (%) |
|
Total |
250,399 |
60,551 |
-75.8 |
|
|
030749 |
Frozen squid |
229,398 |
43,103 |
-81.2 |
|
160554 |
Processed squid |
4,784 |
13,808 |
188.6 |
|
160555 |
Processed octopus |
1,522 |
2,646 |
73.9 |
|
030751 |
Fresh/frozen/chilled octopus |
1,109 |
994 |
-10.4 |
|
030741 |
Fresh/frozen/chilled squid |
7,540 |
- |
-100.0 |
|
030759 |
Frozen octopus |
6,046 |
- |
-100.0 |
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.
(seafood.vasep.com.vn) Sao Ta Food Joint Stock Company (FIMEX VN) has just announced that in March 2024, finished shrimp output reached 2,000 tons and finished shrimp consumption reached 1,693 tons, an increase of 74%, and 42% over the same period in 2023, respectively.
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