By October 2022, shrimp exports reached nearly $3.8 billion, up 18%. Shrimp exports in 2022 are expected to reach over $4.4 billion, up 14% compared to 2021. The main export shrimp products are vannamei shrimp, accounting for 75% with over $3.2 billion, black tiger shrimp accounting for about 13% with nearly 1.5 billion USD.
In 2022, inflation and the Russia-Ukraine conflict have helped affordable white fish such as pangasius increase export sales. Most markets have increased by 40-200% of Vietnam's pangasius imports.
Pangasius exports by the end of October 2022 reached nearly 2.1 billion USD, up 77% compared to the same period in 2021. It is expected that in 2022, pangasius exports will reach over 2.4 billion USD, up 49% compared to the same period in 2021.
Tuna exports by the end of October were estimated at US$884 million, up 49% over the same period. In 2022, for the first time, tuna will become an export commodity of over 1 billion USD.
Taking advantage of domestic and imported raw materials, tuna businesses process a variety of products and promote the export of frozen loin/fille and canned tuna and flexibly follow market trends in the current period (Covid, inflation, etc).
As of October 2022, exported cephalopod products have achieved sales of 630million USD, up 33%. It is estimated that in 2022, the export of this product will reach 760 million USD, up 25% compared to 2021.
By the end of November, Vietnam's seafood exports are expected to reach more than 10 billion USD - a historical record of Vietnam's seafood industry in more than 20 years.
The seafood industry in 2022 is estimated to account for 3% of Vietnam's total merchandise exports. Compared to the total export turnover of other economic sectors, the fisheries sector contributes nearly 12% of the value. While the proportion of the group of agricultural, forestry and fishery products in general is decreasing by 0.6% points, the aquatic products industry has increased by 0.4% points. This result reflects a breakthrough and the increasingly important role of the fishery industry in the GDP of the whole country, especially in the export of agricultural, forestry and fishery products.
On the world seafood export map, Vietnam is currently the third largest exporting country, just behind China and Norway - two superpowers with a much larger land and water surface area than Vietnam. With the results of 2022, it is estimated that Vietnamese seafood will account for over 7% market share in the world market.
Compiled by Thuy Linh
(seafood.vasep .com.vn) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.
(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.
(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.
(seafood.vasep.com.vn) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.
(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.
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