In November, exports of all key products rebounded strongly with the growth of shrimp at 16%, pangasius 31%, tuna 51%, cephalopods 37%, crabs 59%, other fish increased 14%.
By the end of November 2021, shrimp exports reached 3.56 billion USD, up 3.4%, pangasius exports reached 1.4 billion USD, up 3.3%, tuna recovered 13% to 672 million USD and cephalopod molluscs increased by 7.4% to reach USD 543 million.
In November, exports to the EU market recovered the most, up 65%, reaching 105 million USD. Except for pangasius, which did not increase compared to the same period last year, exports of other products increased sharply. In which, shrimp exports alone increased by 86%, exports of other seafood such as tuna, cephalopods, bivalve mollusk all increased by 32-74% compared to November 2020. By the end of November 2021, Vietnam's seafood exports to the EU reached 967 million USD, up 11% over the same period in 2020.
Seafood exports to the US market still maintained a high and stable growth momentum with an increase of 37% in November, reaching US$198 million. Accordingly, pangasius exports increased sharply by 58%, shrimp increased by 24%, tuna increased by 48%, and other products increased sharply from 11-157% compared to November 2021. By the end of November 2021, seafood exports to the US reached nearly $1.9 billion, up 26% over the same period last year and accounting for 23% of Vietnam's total seafood exports.
Exports to CPTPP countries account for nearly a quarter of Vietnam's total seafood export turnover. In November, exports to this market sector increased by 9% to 225 million USD. Accumulated by the end of November 2021, seafood exports to the CPTPP market reached nearly 2 billion USD, down slightly by 1% over the same period in 2020. In November, exports to most markets in the bloc recovered from 11 -52%, excluding New Zealand which decreased by 6%. In which, Japan is still the main market with 136 million USD, up 3.6%. Accumulated by the end of November, seafood exports to Japan reached over $1.2 billion, down 6.4% over the same period.
After a continuous decline from March, in November 2021, seafood exports to China recovered slightly, increasing by nearly 3% over the same period to reach 135 million USD. In which, the export of squid and octopus increased sharply by 116%, the export of pangasius increased by 17.4%, the rest of other products exported to this market still fell deeply from 15-89%. By the end of November, seafood exports to this market reached US$1 billion, down nearly 21% over the same period last year.
It is forecasted that Vietnam seafood exports in December will continue to recover and will reach over $800 million, bringing the whole year of 2021 export results to over $8.8 billion, up 5% 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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