Vietnam seafood exports to the US and CPTPP countries increased sharply

Export potentials 07:59 03/03/2021 Le Hanh
(seafood.vasep.com.vn) According to Customs statistics, in January 2021, Vietnam's seafood exports reached over 606 million USD, up by 23.4% over the same period last year. One of the reasons for the increase in exports is the period of the Lunar New Year holiday coincided in January 2020. However, the 23.4% growth rate is considered a positive signal for Vietnam's seafood exports, which is reflected in the increase in export of pangasius (+ 21.7%), other marine fish (+ 46%), whiteleg shrimp (32.5%), and bivalve mollusk (+43%).

Vietnam seafood exports to US and CPTPP countries increased 

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

vietnams seafood exports pangasius other marine fish whiteleg shrimp and bivalve mollusk tuna export markets

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