After a strong increase of 23% in November, seafood exports in December continued to increase by 29% to over US$940 million. In December 2021, exports of all key products increased sharply by 6-110%.
Thanks to a breakthrough increase in December, with a growth rate of about 80% to about USD 245 million, pangasius exports for the whole year in 2021 exceeded expectations with over USD 1.6 billion, up 10%.
Shrimp exports in December increased by 10% to about 325 million USD. By the end of the year, shrimp exports reached 3.88 billion USD, up 4%. Tuna exports increased by 55% in December to USD 85.5 million, bringing the whole year result to USD 757 million. Cephalopod exports in December reached over USD 60 million, up 10%, accordingly, the whole year exports reached over USD 600 million.
Seafood exports to China in December rebounded the most, increasing by 90% to over $170 million. However, because exports to this market continuously decreased from March to October, the total export value in 2021 still decreased 14% compared to 2020 to reach 1.17 billion USD. China only accounts for 13% of Vietnam's seafood exports, compared to 16% in 2020.
The US still accounts for the highest proportion, 23% of Vietnam's seafood exports with over 2 billion USD in 2021, an increase of 26% compared to 2020. Particularly in December 2021, seafood exports to the US reached 176 million USD, up 32% over the same period in 2020.
In 2021, seafood exports to the EU market account for 12% with over 1 billion USD, up 12% compared to 2020. Last month, seafood exports to the EU also increased sharply by 26% to reach 109 million USD.
Exports to CPTPP countries in 2021 have earned nearly 2.2 billion USD, almost equivalent to 2020. In December alone, exports to this market block reached 209 million USD. While exports to Japan continued to decline by 8% in December, exports to Australia still grew by 13%. Exports to Japan in 2021 reached 1.3 billion USD, down over 6%, while exports to Australia reached 265 million USD, up 6% compared to 2020.
(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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