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Vietnam seafood exports in 2022

(seafood.vasep.com.vn) 2022 is a year with many changes and difficulties for the import-export industry, including the seafood industry. However, Vietnamese seafood enterprises have turned challenges into opportunities, taking advantage of FTAs as well as market demand to boost exports in 2022. As a result, by the end of October, Vietnam's seafood exports brought in US$9.4 billion, up 33% over the same period last year.

(seafood.vasep.com.vn) In September 2022, seafood exports were estimated at over $850 million. Although still 36% higher than the same period last year, this is the first time after 7 months, seafood exports fell below 900 million USD. By the end of the Q3/ 2022, Vietnam's seafood exports reached $8.5 billion, up 38% over the same period last year.

(seafood.vasep.com.vn) In August seafood exports decreased because demand from consuming markets slowed down. Fortunately, this month, orders have gradually increased, enterprises were also actively changing their production to match the market situation.

(seafood.vasep.com.vn) Despite the slowdown in growth rate, Vietnam seafood exports in June 2022 still brought in over 1 billion USD, equivalent to May 2022 and up by 23% over the same period last year. Thus, in the second quarter of 2022, the country's seafood exports recorded sales of over 3.2 billion USD, nearly 36% higher than 2.4 billion USD in the same period in 2021.

(seafood.vasep.com.vn) In the first two months of 2022, Vietnam seafood exports to China & Hong Kong nearly doubled over the same period last year, reaching 170 million USD. In which, pangasius was the most breakthrough, increased by 240%, crabs increased by 198%, cephalopod increased by 146%.

(seafood.vasep.com.vn) Following a spectacular breakthrough in the last months of 2021, Vietnam's seafood exports have recorded outstanding growth since the first months of 2022. Enterprises have quickly seized market opportunities and promoted the export of strong aquatic goods. Thanks to the acceleration at the beginning of the year, Vietnam's seafood exports are likely to bring in over $9.5 billion in 2022.

(seafood. vasep.com.vn) In January, 2022, Viet Nam's seafood exports brought in $872 million, recording a record-high revenue in the first month of the years. The 44% growth signaled a prosperous year for the seafood industry.