Korea and Japan are the two markets that account for a prominent proportion of Vietnam's squid and octopus imports, accounting for 36% and 22% respectively. China ranks third with 10% but has a high growth rate of 113%. Exports to the US, Spain, France, and Israel also increased strongly: 53%, 152%, 76% and 193% respectively.
Export of squid and octopus to the EU market in the first 8 months of the year reached over US$52 million, up 34% over the same period. Italy, Spain and France are the three largest import markets in the bloc. Exports to Italy decreased slightly by 1% while exports to the other two markets increased by 152% and 76% respectively.
Japan and Korea are the two largest market of Vietnamese squid and octopus
Fresh and frozen octopus, HS code 03, accounts for 83% of total octopus exports. For squid, fresh/frozen products accounted for 49%, grilled dried squid accounted for 42%, the rest was processed squid (9%).
The value of squid exports recorded a higher growth (47%) than octopus exports (24%). Export of processed squid recorded the highest growth rate of 79% among Vietnam's exported squid and octopus products in the first 8 months of this year.
The localities that export the most squid and octopus in Vietnam are Ba Ria-Vung Tau, Kien Giang, and Ho Chi Minh City, Binh Thuan, Soc Trang... Their main export products are frozen octopus, frozen cut octopus, dried squid, unprocessed dried squid, frozen processed octopus, peeled dried squid, octopus Whole octopus cleaned and frozen, frozen squid…
Compiled by Thuy Linh
(seafood.vasep.com.vn) On the evening of December 24, 2024, in Hanoi, the Central Youth Union, Viet nam Youth Federation and the Vietnam Young Entrepreneurs Association held the Vietnam Golden Star Award Ceremony 2024, with the theme "Reaching Vietnam", honoring 200 outstanding enterprises. Deputy Prime Minister Nguyen Hoa Binh attended.
(seafood.vasep.com.vn) In the first ten months of 2024, 448 Vietnamese companies were involved in exporting pangasius to international markets. Vinh Hoan remains the top exporter, holding a 14% share of Vietnam's total pangasius export value.
(seafood.vasep.com.vn) Vietnam's seafood sector is making impressive strides as it nears the end of the year. Aquaculture has maintained steady growth, while fishing activities have recovered thanks to favorable weather conditions.
(seafood.vasep.com.vn) To ensure sustainable shrimp farming and environmental protection, Soc Trang Province emphasizes raising awareness and improving the capacity of shrimp farmers through various forms of communication and by developing and replicating effective models.
(seafood.vasep.com.vn) To achieve the goal of making the province a national hub for high-quality shrimp post-larvae production and producing 50 billion shrimp post-larvae by 2025, Ninh Thuan has focused on implementing a comprehensive set of measures.
(seafood.vasep.com.vn) The seafood processing company Kyokuyo has just opened a seafood processing plant in Vietnam to reduce its reliance on China. In Japan, Kyokuyo ranks as the third-largest seafood producer, following Maruha Nichiro and Nissui.
(seafood.vasep.com.vn) Vietnam's total fishery production in the first 10 months of 2024 is estimated at 7,889.8 thousand tons, a 2.5% increase compared to the same period last year. Aquaculture contributed approximately 4,612.5 thousand tons, while capture fisheries accounted for 3,277.3 thousand tons.
(seafood.vasep.com.vn) Ms. To Thi Tuong Lan, Deputy Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP), forecasts that pangasius export turnover could reach the target of USD2 billion in 2024. However, the industry will still face numerous challenges in the coming year.
(seafood.vasep.com.vn) Vinh Hoan Corporation has recently announced its business results for October, reporting over VND 1,200 billion in revenue, a 60% increase compared to the same period last year.
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam's tuna exports in October reached nearly $93 million, marking a 22% increase compared to the same period in 2023. In the first ten months of 2024, the total export value exceeded $821 million, up 18% compared to the same period last year.
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