Vietnam seafood exports

(seafood.vasep.com.vn) After reaching “hot” growth from 39% to 62% in the first 4 months of the year, Vietnam seafood exports since May showed signs of cooling down. Accordingly, seafood exports increased by 34% in May and by 18% in June. Seafood exports in July continued the trend with the export value of 970 million USD, increasing by 14% compared to the same period in 2021 but decreasing 4% compared to the previous month.

(seafood.vasep.vn.com) In the first 5 months of 2022, Vietnam’s seafood exports to the US reached nearly 1.1 billion USD, an increase of 65% compared to the same period last year. Vietnam seafood exports to this market is expected to gain 2.4 - 2.5 billion USD in 2022 , going up by 25% compared to 2021.

(seafood.vasep.com.vn) Similar to the US market, the demand for seafood in EU is recovering after the Covid pandemic. For that reason, despite difficulties such as food inflation, increased freight and high container costs, Vietnamese seafood enterprises are taking advantage of promoting exports to this market. In the context of inflation in overall price, the EVFTA is a beneficial factor boosting exports to EU. Vietnam seafood exports to the EU in the first 5 months of this year also recorded a high growth of 45%, reaching nearly 562 million USD.

(seafood.vasep.com.vn) The report on Vietnam's seafood exports - a quarterly publication of VASEP, reflects a full and detailed picture of seafood production and export in general and each fishery industry in particular (including: shrimp, catfish, tuna, cephalopods, shellfish, crabs, surimi...).

(seafood.vasep.com.vn) On April 26, 2022, the 28th Seafood Expo Global officially kicked off at Fira Gran Via Exhibition Center, Barcelona City, Spain, marking the return and revitalization of the Fisheries industry after 2 years of stagnation due to the Covid-19 epidemic. With the desire to create a stronger foundation for the world fisheries community, the Organizing Committee of the Seafood Expo Global has decided to move the annual venue from Brussels, Belgium to Barcelona, Spain. The first global seafood exhibition in Barcelona will take place in 3 days from April 26-28, 2022, promising to be a catalyst event for the seafood community around the world to meet and trade, as well as look for business opportunities in this field.

(seafood.vasep.com.vn) In QI/2022, seafood exports to Canada increased by 61.4% over the same period last year. Vietnam's seafood exports to Canada are expected to continue to increase sharply due to the increasing demand for seafood in this market.

(seafood.vasep.com.vn) Ca Mau province is consistently encouraging the growth of the shrimp processing sector for export after the COVID-19 pandemic, utilizing and successfully exploiting the province's huge potential and advantages, as well as good opportunities from FTAs.

(seafood.vasep.com.vn) Vietnam's seafood export has had an impressive year with an increase of 6% compared to 2020, reaching nearly 9 billion USD. In which, the shrimp industry accounted for nearly 45% and the pangasius industry accounted for 18%, reaching $3.9 billion and $1.6 billion respectively. Regarding the general business activities, enterprises in the industry can be divided into two prominent directions: one is to reverse the current to recover strongly; the second is continuing the downward trend due to the inability to control rising costs.

(seafood.vasep.com.vn) In 2021, Vietnamese seafood exporters have experienced ups and downs because of the Covid epidemic. Accordingly, in the third quarter of the year, production and exports declined due to restrictive measures and social distancing to prevent the Covid-19 epidemic. However, after easing the social distancing restrictions under Resolution 128, seafood exports quickly recovered and increased sharply in the last quarter of the year, bringing the whole year export result to $8.9 billion, an increase of nearly 6%. compared to 2020.

Import and export activities at Mong Cai International Border Gate (Quang Ninh) are cleared again after the Tet holiday.

(seafood.vasep.com.vn) In 2021, seafood exports have increased mainly thanks to the form of fresh/frozen/dried products. The total value of exported processed seafood products (HS code 16) accounted for 28%, reaching nearly 2.5 billion USD, nearly equivalent to 2020. Meanwhile, live, fresh, dried and frozen aquatic products, surimi, fish cakes... (HS code 03) achieved export value of 6.4 billion USD, up 6.5% and accounting for 72% of total seafood export value.

(seafood. vasep.com.vn) According to customs statistics, in November 2021, Vietnam's seafood exports reached over US$910 million, up 23% over the same period last year. Accumulated to the end of November, seafood exports reached about 8 billion USD, up 4% over the same period in 2020.

(seafood.vasep.com.vn) Vietnam's seafood exports from 2018 to now have been affected by factors such as falling demand and import prices in some key markets, technical barriers and taxes. especially the Covid epidemic, which disrupted the supply and consumption chains in the past 2 years. However, in that context, Vietnam's seafood exports did not plunge too deeply because the pedestal was FTA agreements from 2018 up to now, including the CPTPP and EVFTA agreements.

(seafood.vasep.com.vn) Although Vietnam's seafood exports to the EU in August 2021 decreased by nearly 31%, there are still some important markets that maintain positive growth this month such as Spain and Portugal with the main contribution of clam exports.

The positive signals of seafood export markets, especially the US and EU, are bringing growth prospects to Vietnamese seafood enterprises. Vietnam's seafood exports are on the recovery path, reaching $3.27 billion in the first five months of 2021, up 14% over the same period last year.

The Viet Nam Association of Seafood Exporters and Producers said it plans several measures to help its members further penetrate the global supply chain and enable the fisheries sector to reach its export target of US$12 billion in 2025, 40 per cent higher than this year.

(seafood.vasep.com.vn) Vietnam sets a target achieving seafood export turnover of US$14-16 billion by 2030 and creates jobs for 3.5 million workers. By 2045, fisheries will be a modern commercial economy, a deep seafood processing hub, which belongs to the group of three leading countries in the world.