In the first 7 months of this year, Vietnam's shrimp exports to Russia reached over $27 million, up 87% over the same period last year. In the first 7 months of the year, exports only decreased slightly by 9% in April, the rest of the months had high growth, of which May, May and June grew by 3 digits. From August onwards, due to social distancing to prevent the Covid epidemic, Vietnam's shrimp exports to Russia decreased. In the first half of September 2021, shrimp exports to Russia decreased by 40% over the same period. Accumulated to September 15, 2021, Vietnam's shrimp exports to Russia reached 32.5 million USD, up 51% over the same period last year.
According to data of the World Trade Center (ITC), in the first 7 months of this year, Russia imported shrimp from 25 sources. In which, Vietnam is still the third largest shrimp supplier to Russia, after India and Ecuador. In addition, some other large shrimp suppliers are also focusing on exporting shrimp to the Russian market such as China, Bangladesh, Indonesia, Argentina, Thailand...
Russia's shrimp imports increased continuously from 2016 to 2020 from $214.7 million in 2016 to $320.7 million in 2020. In the five years from 2016-2020, Russia increased shrimp imports from the main suppliers Ecuador, India. India, Vietnam, Argentina while gradually reducing imports from China, Bangladesh, Indonesia, Thailand.
According to ITC, Russia's shrimp imports in the first 7 months of this year reached over 276 million USD, up 82% over the same period. Vietnam ranks third in supplying shrimp to Russia, accounting for 10% of the market share. Russia's shrimp imports from these three sources all grew positively, imports from Ecuador and India increased by 42% and 88% respectively while imports from Vietnam increased by 106%.
Vietnam's shrimp exports to Russia increased from 15.7 million USD in 2017 to 41.1 million USD in 2020, up 162%. As of the first half of September this year, Vietnam's shrimp exports to Russia have reached 32.5 million USD. This shows that Vietnam's shrimp exports to Russia are on a very good growth trend, along with advantages from the Vietnam - Eurasian Economic Union (EAEU) Free Trade Agreement.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
(seafood.vasep.com.vn) In November 2024, Vietnam's tuna exports failed to maintain the rapid growth momentum seen earlier. Export value during the month increased by nearly 4% year-on-year, reaching approximately USD 82 million. Cumulatively, the export value for the first 11 months of 2024 totaled USD 903 million, a 17% increase compared to the same period in 2023. However, at this growth rate, the total export turnover for 2024 is estimated to only reach around USD 1 billion.
(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.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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