Vietnam squid and octopus exports increased by 36% in the first 8 months of 2022

( In the first 8 months of 2022, Vietnam squid and octopus exports reached $489 million, up 36% over the same period in 2021. In which, squid exports accounted for 56.4%, reaching $276 million, up 47%; octopus exports accounted for 43.6%, reaching $213 million, up 24%.

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.

Chú thích ảnh

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

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