This marks a slight decrease against a 2.9 billion USD surplus seen in 2016.
The total export value during the reviewed period was 193.75 billion USD and that of imports was 190.99 billion USD, up 21.1 percent and 21 percent year-on-year, respectively.
The ministry said that agriculture and seafood exports during this period rose 16.9 percent year on year to reach 23.5 billion USD, accounting for12.1 percent of total export turnover.
Export of crude, coal, petrol and minerals is estimated at 3.94 billion USD, up 26.4 percent year-on-year, accounting for 2.0 percent of total export turnover.
The export of processed goods reached 157.3 billion USD, up 22.4 percent over the same period last year, accounting for 81.2 percent of total export turnover.
Asia has emerged the main importer of Vietnamese goods, with a year-on-year increase of 30.8 percent, accounting for 52.1 percent of total exports.
It estimates that import turnover in the first 11 months of 2017 increased by a significant 21 percent year-on-year.
Asia was also the biggest supplier of goods, with Vietnamese imports from this market rising strongly by 22.2 percent year-on-year, accounting for 81 percent of total import turnover.
The ministry says that Vietnam’s total export turnover in 2017 is expected to reach the highest level since 2011, far exceeding the 202 billion USD target set for the year. The annual export figure is estimated at 210 billion USD, an increase of 20 percent compared over 2016.
Source: VNA
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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