For the export markets, the results in January also showed positive signals: to the US (+ 25.6%), Russia (+ 72%), Taiwan (+ 60%). In particular, exports to countries in the CPTPP agreement increased by 34%, of which to Australia skyrocketed 105%, to Japan rose 25%, to Mexico advanced 68%.
Exports to other markets in January 2021 all increased compared to the same period in 2020, but the growths was not considered positive because last year the Lunar New Year was in January.
In January 2021, some exported products saw outstanding growths, such as frozen pangasius fillet (HS code 030462) increased by 53%, which was the leading product in terms of export value, by code HS8, accounting for 17% of total seafood export value. Next is processed whiteleg shrimp (PTO, PDTO, butterfly ...), up by 47% and accounting for 9% of export value; Headless fresh/ frozen whiteleg shrimp, block, PTO, PDTO (HS code 03061721) increased by 39% and accounted for 7.4%, fish cake, surimi (HS code 0304990) increased by 58% and accounted for 6.8%; Fresh/frozen peeled white leg shrimp (HS code 03061722) increased by 56% and accounted for 5.2%.
Many other products with high growth (41-84%) such as: Frozen octopus (cut/whole); Frozen fillet/ portion fish (mackerel, barramundi, marlin, swordfish, seabass, saba, kingfish ...); Processed fish, seasoned dried fish, breaded fish ...; Frozen squid, sliced cuttlefish; Other processed fish (dried fish, fried fish, fish cake, fish sauce ...); Canned tuna in water; canned tuna in oil; Frozen boiled white clams and brown clams; Frozen crab/crab meat, seasoned fish, grilled fish of all kinds (saba, scad ...) …
In particular, there are a number of Vietnamese seafood products that are highly demanded in the context of the Covid epidemic, so the export value in January 2021 had a breaking growths, in which the exports of frozen whole/cut/butterfly pangasius (HS code 03032400) shoots up by 163%, dried squid HS code 03074921 sharply rose 118%; dried fish of all kinds HS code 03055990 skyrocketed 226%; Pasteurized crab meat, canned crab meat HS code 16051090 soared 242% …
However, there are a number of products that still had a sharp decrease in exports such as processed breaded twhiteleg and black tiger shrimp HS code 16052930 decreased by 63%; Fresh/frozen whole tiger prawn HS code 03061719 down by 19%; Frozen whole whiteleg shrimp HS code 03061719 decreased by 33%. The decline of these products is attributed to the decreased demand for high value processed products and is related to the tightening control and inspection on frozen goods imported into the Chinese market as this is the main market consuming Vietnam frozen whole shrimp products.
|
Vietnam exported seafood products in Jan 2021 (million USD) |
|||
|
Products |
Dec 2020 (Value) |
Jan 2021 |
Change vs 2020 (%) |
|
Shrimp (HS code 03 and 16) |
295.544 |
218.796 |
15.8 |
|
in which: - Whiteleg shrimp |
223.276 |
170.417 |
32.5 |
|
- Black tiger shrimp |
42.849 |
22.342 |
-38.7 |
|
Pangasius (HS code 03 and 16) |
135.119 |
123.566 |
21.7 |
|
Tuna (HS code 03 and 16) |
54.418 |
42.303 |
6.3 |
|
in which: - Tuna HS code 16 |
26.841 |
16.687 |
-3.3 |
|
- Tuna HS code 03 |
27.577 |
25.616 |
13.7 |
|
Other fish (HS code 0301 to 0305 and 1604, except for tuna and pangasius) |
160.559 |
154.374 |
46.2 |
|
Mollusks (HS code 0307 and 16) |
66.733 |
54.403 |
26.2 |
|
in which: - Cephalopod |
54.855 |
43.770 |
19.9 |
|
- Bivalve mollusks |
11.249 |
9.231 |
43.3 |
|
Crabs and other crustaceans (HS code 03 and 16) |
18.707 |
12.807 |
3.4 |
|
Total |
731.080 |
606.248 |
23.4 |
(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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