Vietnam seafood exports to reach US$5.5 billion in 10 months

Other 17:34 12/09/2014
(vasep.com.vn) In the third quarter of 2013, Vietnam seafood exports increased by 17.4 percent to US$1.9 billion. Shrimp products got strong rise in sales, especially whiteleg shrimp, as supplies from other producing countries in the world stumbled due to EMS. Other seafood items on the slowdown or decline trend.

Through September of 2013, Vietnam sent products to 156 markets for total of US$4.8 billion, up 6.4 percent against the compatible period of 2012. Seafood shipments in October are growing 14 percent to reach an estimated value of US$680 million. The year-to-date export value is going to US$5.5 billion, up 7.3 percent from a year ago.

Vietnamese shrimp continued to show high growth in sales to main markets like the U.S., the EU, Japan and China. Through September this year, shrimp cargos brought back over US$2 billion, the figure is estimated to come up to US$2.4 billion by October, 30 percent above that of January – October 2012. If the current growth is steady, Vietnamese shrimp exports in 2013 will reach US$2.8 billion, up 27 percent from 2012. In which, whiteleg shrimp has larger proportion of 48.7 percent in nationwide shrimp exports. Sales of this kind of shrimp increased by 168 percent year-on-year to US$200 million in October, boosting year-to-date value up 95 percent to US$1.18 billion.

While, pangasius was down due to quiet demands in importing markets. Through September 2013, fish sales abroad valued at US$1.3 billion, down 1.4 percent. The figure continued to slide 6 percent in October, leading to total value of US$1.43 billion, downed 2 percent so far.

In October 2013, other seafood exports such as tuna, cephalopod, crab and swimming crab have been under downward pressures. Exports of these products are predicted to be around US$133 million in October.

In 2013, Vietnamese seafood exports is hoped to reach US$6.5 billion, up 5 percent against the previous year.

Vietnam estimated seafood exports, Jan – Oct 2013, US$ mil.

Products

October 2013

Variation

Oct/2012 (%)

Jan – Oct 2013 (Value)

Variation (%)

Shrimps (HS code 03 and16)

352.456

51.8

2,416.059

30.1

                 - Whiteleg shrimp

199.238

167.7

1178.267

94.9

                 - Black tiger shrimp

135.59

1.6

1078.978

3.5

Pangasius (HS code 03 and 16)

152.788

-6.1

1,426.746

-1.9

Tuna (HS code 03 and 16)

32.986

-27.8

447.749

-7.1

                 - Tuna (HS code 16)

18.318

-12.8

203.090

17.5

                 - Tuna (HS code 03)

14.668

-40.6

244.659

-20.9

Other fishes  (HS code 0301 to 0305 and 1604, ex. tuna and pangasius)

78.826

-10.8

690.262

-5.9

Mollusks (HS code 0307 and 16)

53.002

-3.6

418.440

-14.0

                - Cephalopod

47.208

-1.1

356.718

-15.3

                - Bivalve mollusk

5.526

-23.7

60.157

-8.2

Crab, swimming crab & other

crustaceans (HS code 03 and 16)

13.656

-2.1

84.605

-11.5

TOTAL

683.716

14.3

5,483.863

7.3

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