In the first 7 months of this year, Vietnam's squid and octopus exports to the EU grew by 3-digits in April and May, and then grew by double digits in the remaining months. In August, due to social distancing to prevent epidemics, squid and octopus exports to the EU decreased by 15% to nearly 5 million USD. However, thanks to good growth in the previous months, Vietnam's cephalopod exports to the EU in the first eight months of the year still increased by 39% to US$38.8 million. This is the market with the best growth among the 5 main import markets of Vietnam's cephalopod.
Under the impact of the EVFTA Agreement, import tax rates on frozen and processed cephalopod products exported to the EU are 0%, and after the Covid-19 pandemic in the world is better controlled, Vietnam's cephalopod exports to EU has recovered well from the beginning of the year so far.
Among EU member countries, Italy, France and Spain are the three biggest importers of Vietnamese squid and octopus. In August 2021, while cephalopod exports to France and Spain decreased by 81% and 40% respectively, exports to Italy still increased by 38% over the same period last year. As of August this year, the export of cephalopods to Italy, France and Spain respectively reached 20.3 million USD; $3.4 million and $3.2 million, up 69%, 15% and 17% over the same period.
According to ITC, the EU market is currently importing cephalopods from more than 50 countries outside the bloc. In which, Vietnam is the 7th largest supplier to the EU market. Spain, Portugal and France are the top 3 importers of cephalopods in the EU in the first 7 months of this year. In the EU market, the demand for squid and octopus in the retail segment is still high; Restaurants and hotels are gradually opening, increasing the demand for this item. Demand for importing cephalopods from Vietnam to the EU remains good from now until the end of the year.
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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