This positive result is thanks to the easing of social distancing and reopening in localities from October 1 to restore production.
Exports of most major aquatic products recorded positive growth: tuna and cephalopod exports both increased by 18%, crabs increased by 13%, shrimp increased by 1.6%. The growth figures show that seafood export production is gradually stabilizing and recovering clearly.
Particularly, pangasius exports still fell by 18% in October, reaching only 139 million USD, due to a lack of raw materials and pangasius production and processing activities in localities were still moderate due to the impact of the Covid epidemic.
In October 2021, Vietnam's seafood exports to the US recovered the most, increasing by 31%, to the EU by 9%, to South Korea by 20%, and to Canada by 17%. However, exports to China continued to fall deeply by 43%.
By the end of October 2021, the country's seafood exports reached US$7.1 billion, a slight increase of 2.4%, of which shrimp reached US$3.2 billion, up 2.6%, and pangasius reached 1.2 billion USD equivalent to the same period last year, tuna reached 598 million USD, up 10%, cephalopod reached 475 million USD, up 4.5%, other fish decreased by nearly 1% to 1.36 billion USD. Particularly, bivalve molluscs maintained a high growth rate of 39% after 10 months, reaching 113 million USD.
The US accounted for 24% of turnover with nearly 1.7 billion USD, up 25% over the same period, Japan accounted for 15% with 1.08 billion USD, down 7%. China and the EU both accounted for 12% with a value of USD 872 million, down 24% and USD 864 million, up 7% over the same period last year. Exports to South Korea accounted for 9%, reaching US$643 million, up slightly by 2%.
Demand from import markets is still high, seafood processing production is recovering and will grow again in the next 2 months because vaccination rates in the Mekong Delta provinces increase rapidly, limiting the impact. of the Covid epidemic.
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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