The US is the only market that has continuously increased imports of seafood products from Vietnam since the first Covid wave until now. Therefore, this market plays an increasingly important position, accounting for 22% of Vietnam's total seafood export value, while it accounted for 18% of the same period last year.
Shrimp alone accounted for nearly half of seafood export value to the US with nearly $440 million, up 36% over the same period in 2020. This market increased imports of both vannamei and black tiger shrimp from Vietnam. However, vannamei shrimp accounts for the dominant proportion with over 390 million USD, black tiger shrimp is just over 37 million USD, the rest is marine shrimp and other shrimp.
The second largest export seafood species is pangasius, accounting for 19% of exports to the US with 169 million USD, a sharp increase of 58%, followed by tuna accounting for 17% with 153 million USD, up 21%.
Other fish species also accounted for a relatively large value with 21%, reaching nearly 78 million USD, a slight decrease of 1% over the same period. In which, the 5 fish species with the largest export value are seabass, mahi mahi, pollock, cod and grouper.
Although accounting for a small proportion, but the export of crabs, other crustaceans and mollusks to the US has increased sharply. Accordingly, the export of crabs and other crustaceans increased by 62% to 25.6 million USD, accounting for 3%. Export of bivalve molluscs doubled to over 10 million USD, of which clams alone accounted for 50%. Export of squid increased by 33% and octopus increased by 107% to a total of over 8 million USD.
(Abstract from the Report on Vietnam Seafood exports, QII/2021)
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.
(seafood.vasep.com.vn) Sao Ta Food Joint Stock Company (FIMEX VN) has just announced that in March 2024, finished shrimp output reached 2,000 tons and finished shrimp consumption reached 1,693 tons, an increase of 74%, and 42% over the same period in 2023, respectively.
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