Vietnam marine product exports reached 565 million USD in the first 2 months of the year

News 14:16 28/03/2022
(seafood.vasep.com.vn) In February 2022, Vietnam's total exports of marine products reached 219.6 million USD, up 38% on the corresponding period in 2021. During the first 2 months of 2022, exports of these products were worth 565 million USD, up 33% over the same period last year. Currently, marine products exports account for 37% of the country's total seafood export value.

Vietnam marine product exports reached 565 million USD in the first 2 months of the year

Vietnam's marine products exports include other marine fish (except tuna), accounting for 46% of Vietnam's total seafood export value); tuna (accounting for 27%); cephalopod (17%); crabs and other crustaceans (6%); bivalve molluscs (3%) and the rest are other molluscs.

Except for other mollusc exports, the value of wild-caught products all experienced an upward trend in the first two months of 2022. Crabs exports grew at the steadiest rate of 86%, hitting $34.3 million USD. Tuna and cepalopdexports all grew by 82% and 45%, respectively. Mollusk shell exports climbed by 36%, while other marine fish exports (excluding tuna and pangasius) increased marginally by 9%. Only other mollusc exports fell by 57%, however this commodity makes up a very minor proportion of the total.

Processing and exporting wild-caught products is concentrated in Ho Chi Minh City. Ho Chi Minh, Khanh Hoa, Ba Ria - Vung Tau…

Vietnam's marine products exports in the first quarter of 2022 are expected to maintain positive double-digit growth. However, Covid-19 pandemic, IUU yellow card, higher transportation costs, gasoline prices, production input costs, etc. are still challenges that businesses have to encounter this year.

Compiled by Khanh Linh

vietnams marine products exports in the first quarter of 2022

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