(seafood.vasep.com.vn) As of April 2017, Vietnam seafood exports totaled US$2.16 billion, increasing by 7.5%, year on year. While the production of raw shrimp and pangasius decreased and the price of raw materials increased, the production of tuna and other marine products went up.
Shrimp
After a positive growth of 6.7% in 2016, Vietnam’s shrimp exports in the first four months of 2017 reached US$894.4 million, up 4.1% over the same period last year. Shrimp exports to the US reduced due to higher anti-dumping duty while exports to Japan increased thanks to the appreciation of the yen and strong demand from Japan. Exports to other markets such as the EU and South Korea recovered positively, contributing to compensate for the slide in exports to the U.S, China and Australia.
In Jan-Apr 2017, Vietnam exported shrimp to 68 markets, up from 64 markets in the same period of 2016. In the structure of Vietnam’s shrimp importing markets, the proportion of Vietnam’s shrimp exports to Japan, the EU and Korea increased while the proportion of Vietnam’s shrimp exports to the U.S and China decreased.
Pangasius
In the first 4 months of 2017, pangasius output of the Mekong Delta estimated at 465.9 thousand MT, up 11.1%; the farming area amounted to 3,092 ha, down 6.2% year on year. Exports to China, Brazil and Mexico increased sharply which helped Vietnam’s total pangasius exports rose by 2.2% to reach US$518.6 million. In the first 4 months of this year, Vietnam exported pangasius to 118 markets, down 3 markets compared with the same period in 2016. Top 8 main importing markets included China, the U.S, the EU, Brazil, ASEAN, Mexico, Colombia and Saudi Arabia, accounting for 79.3% of the total export value.
Tuna
In the first 4 months of 2017, Vietnam’s tuna exports eyed US$169.7 million, up 20.4% over a year before. Of that, exports of processed/canned tuna went up 35% and those of frozen tuna increased by 11% year on year. Vietnam’s tuna exports continue to recover thanks to a rise in exports to traditional markets such as the U.S and the EU. Currently, tuna products of Vietnam was destined to 79 markets in the world, up from the same period last year.
Other marine products
In the first four months of this year, out of marine products, exports of crabs and other crustaceans dropped by 17% year on year. Meanwhile, shipments of other products such marine finfish of all kinds valued at US$364.5 million, up 9.2%; those of cephalopod reached US$156 million, up 39.3%; and those of bivalve mollusks hit US$31.9 million, up 20.1% over the same period in 2016.
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Vietnam’s seafood exports in Jan-Apr 2017 (US$ mil.)
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PRODUCTS
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Jan-Apr 2016
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Jan-Apr 2017
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Variation (%)
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Shrimp (HS code 03 and 16)
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858.786
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894.444
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+4.2
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- Whiteleg shrimp
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492.682
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551.250
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+11.9
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- Black tiger shrimp
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293.994
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254.115
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-13.6
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Pangasius (HS code 03 and 16)
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507.546
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518.616
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+2.2
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Tuna (HS code 03 and 16)
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141.014
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169.722
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+20.4
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- Tuna HS code 16
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55.510
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75.077
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+35.2
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- Tuna HS code 03
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85.503
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94.645
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+10.7
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Other marine finfish (HS code 0301 - 0305 and 1604; except for tuna and pangasius)
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333.680
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364.513
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+9.2
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Mollusks (HS code 0307 and 16)
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139.103
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188.456
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+35.5
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- Cephalopod
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112.099
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156.099
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+39.3
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- Bivalve mollusks
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26.568
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31.917
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+20.1
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Crabs and other crustaceans (HS code 03 and 16)
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31.901
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26.465
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-17.0
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TOTAL
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2,012.030
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2,162.214
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+7.5
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Compiled by Dieu Thuy