According to the Agency of Foreign Trade (Ministry of Industry and Trade), in March 2022, Vietnam's seafood exports to Canada reached 35.35 million USD, up 24.7% compared to February 2022 and up 51.1% compared to March 2021. In the first three months of 2022, Vietnam's seafood exports to Canada reached 95.3 million USD, up 61.4% over the same period last year.
In which, frozen shrimp is Vietnam's main export seafood product to Canada, accounting for 64.3% of the total export turnover to this market. The next major export items include frozen pangasius, frozen tuna, canned tuna...
In QI/2022, there was a change in the structure of seafood products exported to Canada. Accordingly, the proportion of frozen shrimp and frozen pangasius increased. The share of frozen tuna in the total value of seafood exports to Canada increased, while the proportion of canned tuna exports decreased compared to the same period in 2021.
According to the data of Canada Customs, in the first 2 months of 2022, Canada’s seafood imports reached 485.3 million USD, up 20.8% compared to the first 2 months of 2021. In which, Vietnam was the fourth largest seafood supplier to Canada, accounting for 7.1% of Canada's total seafood imports. In the first two months of 2022, Canada’s three largest seafood suppliers are the US, China and Chile.
Due to a population of nearly 38.3 million people and Canada's immigration policy, the demand for seafood in this market is constantly increasing.
Canada's average seafood consumption is 9.14 kg/person/year. Hence, this will be a potential market for Vietnam's seafood export industry, especially when most of Vietnam’s key seafood products enjoy Canada’s import tax of 0%. According to the Agency of Foreign Trade, in the coming time, Vietnam's seafood exports to Canada are forecasted to continue to increase sharply due to the increasing demand for seafood in this market.
Compiled by Phuong Linh
(seafood.vasep.com.vn) Vietnam's tuna exports reached around $84 million in March 2024, a 17% rise. Vietnam's total tuna export revenue for the first three months of 2024 was $215 million, up 19% from the same time in 2023 but down 17% from 2022. It is anticipated that tuna exports may miss the billion-dollar mark as in 2022 at this rate and the difficulties the business faces.
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.
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