(seafood.vasep.com.vn) According to data from Vietnam Customs, as of October 2023, Vietnam shrimp exports reached 2.8 billion USD, down 24% over the same period last year. In October alone, shrimp exports reached 318 million USD, down 12% over the same period.

(seafood.vasep.com.vn) The Chinese market holds an increasingly important position for Vietnamese seafood enterprises. In recent years, China has been in the top 3 Vietnam’s seafood import markets, only after the US and Japan. In 2023, Vietnam seafood exports to China have declined because of reduced export prices, but the prospects and room in this market are still open for Vietnam’s seafood exporters.

(seafood.vasep.com.vn) Seafood exports in October 2023 are estimated to reach over 863 million USD, down slightly by 5% compared to the same period in 2022. By the end of October, seafood exports earned nearly 7.5 million USD, down 20% over the same period last year.

(vasep.com.vn) Vietnam seafood exports have reached 6.6 billion USD in the first nine months of this year, a 22.6% decrease from the same period the previous year. Exports fell significantly (by 27%) in the first half of the year, but starting in June, the negative growth trend began to narrow. Particularly in September 2023, export sales were just 5% lower than the same period last year.

(vasep.com.vn)The Director General of Vinh Hoan Joint Stock Company said that the company’s most important product is frozen pangasius fillet in 2022. About 63% of the company’s revenues in 2022 come from selling products processed from farmer fish.

(seafood.vasep.com.vn) Ca Mau's total seafood output in the first 8 months this year reached nearly 425.000 tons, up nearly 4%, of which shrimp output reached 165.000 tons.

(seafood.vasep.com.vn) In September 2023, Vietnam's shrimp exports reached 322 million USD, down 8% compared to the same period last year. Although it has not escaped negative growth, the rate of decline has gradually narrowed each month. Accumulated in 9 months of 2023, Vietnam’s shrimp exports reached 2.5 billion USD, down 26%.

(seafood.vasep.com.vn) According to the Vietnam Association of Seafood Exporters and Producers (VASEP), there are positive indicators suggesting that seafood exports this year are expected to exceed 9 billion USD.

(seafood.vasep.com.vn) Statistics from China Customs show that, in the first 8 months of 2023, the country imported over 85 thousand tons of fresh/live seafood, an increase of 16% over the same period in 2022. Average prices also increased by 15% over the same period last year. The above parameters show that China's domestic consumption in the fresh/live seafood segment has clearly recovered after the Chinese Government lifted restrictions related to the Covid epidemic.

(seafood.vasep.com.vn) In August 2023, Vietnam seafood exports to many markets reached their highest level since the beginning of the year. That result is a signal that seafood exports are back on track and will gradually accelerate in the last months of the year.

(seafood.vasep.com.vn) In September 2023, Vietnam's seafood exports are estimated to reach 862 million USD, equivalent to the same period in 2022. Accumulated to the end of the third quarter of 2023, seafood exports will reach over 6.6 billion USD, down 22% over the same period.

(seafood.vasep.com.vn) The European Commission said it will accompany Vietnam in sustainable fisheries development. In particular, the EU wants to support Vietnam to become a world model in sustainable development of the fisheries industry and combating IUU fishing.

(seafood.vasep.com.vn) Market's gradual recovery along with China's ban on seafood imports from Japan create an opportunity for Vietnam's seafood exports to "turn around" at the end of this year.

(seafood.vasep.com.vn) By the first half of August, Vietnam's seafood exports reached 5.3 billion USD, down 25% compared to the same period in 2022. By August 2023, seafood exports are estimated to reach nearly 5.8 billion USD, about 25% lower than in the first 8 months of 2022.

(seafood.vasep.com.vn) Due to the wastewater release, Chinese people are hesitant to consume even domestically caught seafood in some waters near Japan. Therefore, the import demand of seafood in China will increase, including Vietnam.