By the end of May, Vietnam's shrimp exports to China decreased by 19% to 137 million USD, accounting for 34% of seafood export value to this market. Pangasius surpassed shrimp, accounting for 41% to reach 165.5 million USD, a slight increase of 2%. Exports of marine fish decreased by 5% to nearly $70 million and accounted for 17% of total seafood exports.
The impact of the Covid pandemic and China's move have created two clear trends in Vietnam's seafood exports to this market: the turnover of fresh/frozen products dropped sharply, the export of dried and processed goods. increase. Accordingly, the export of fresh/live/frozen black tiger shrimp decreased by 25% in May and 26% in the first 5 months of the year to US$46 million, while processed black tiger shrimp increased by 278% to US$1.4 million.
Vietnam's frozen vannamei exports to China in the first five months of the year increased 2% to $67 million, while exports of processed vannamei increased by 173% to over $6 million. Vannamei shrimp accounted for 54% of total shrimp exports. Vietnam's marine shrimp exports to China in the first 5 months of 2020 accounted for 22% of shrimp exports, this year only accounted for 11% with $ 15.6 million, down 58%, because frozen shrimp exports decreased by 85%. In return, the export of dried shrimp increased nearly 6 times, processed shrimp increased by 67%. For pangasius, exports of frozen fillets decreased by 12% in the first 5 months of the year, reaching 118 million USD, frozen whole pangasius increased sharply by 78% to nearly 47 million USD.
For other types of marine fish for export (except tuna), dried fish is the most popular product line, accounting for 50% of the export turnover of marine fish with 35 million USD in the first 5 months of this year, an increase of nearly 6%. However, in May, the export of dried fish to China decreased by 48%. Other processed fish products increased by 53%, while exports of fresh frozen fish decreased by 42%. Exports of fish cakes and surimi products also increased sharply by 43% in May and the first 5 months of the year reaching 23 million USD, up 13%.
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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