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) 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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