Viet Nam's seafood exports in November recovered strongly by 23%

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.