(seafood.vasep.com.vn) Statistics from China Customs show that the country's seafood import demand is recovering strongly after opening in early 2023. However, Vietnam's seafood exports to this market have not recovered yet. This can be explained by market factors as well as internal reasons.

(seafood.vasep.com) On April 25, 2023, the 29th Seafood Expo Global was held at Fira Gran Via, Barcelona, Spain. This is one of the largest Seafood Trade Fairs in Europe and the world.

(seafood.vasep.com.vn) Over 1.8 billion USD and negative growth of 27% in the first quarter of 2023, showing that the situation of the seafood market is more difficult than expected. The picture of seafood exports may gradually brighten in the second quarter and is expected to recover better from the third quarter when the Chinese market has a clearer improvement and seafood enterprises have adjusted their product structure and markets to adapt to the context of 2023.

Australia used to be Vietnam's 9th largest seafood import market in 2018. The CPTPP agreement came into force in 2019. After 4 years, by 2022, Australia has become the 6th largest single market for Vietnamese seafood.

(vasep.com.vn) In the first two months of 2023, China imported over 561 thousand tons of seafood, worth nearly 2.7 billion USD, down 3% over the same period last year. Of which, fresh/live/chilled seafood reached nearly 48 thousand tons, worth USD 887 million, accounting for 33% of the total value of seafood imports to this country.

Seventeen Vietnamese enterprises are participating in the 2023 Seafood Expo North America, which opened at the Boston Convention & Exhibition Centre in Massachusetts state on March 12.

(seafood.vasep.com.vn) The Seafood Expo North America, which has just taken place from March 12-14, was the outstanding event in March 2023. The event has attracted hundreds of businesses around the world, including 17 enterprises from Vietnam.

(seafood.vasep.com.vn) Typical representatives of Vietnam's seafood industry in key products such as pangasius, shrimp and seafood all attended the fair, in addition to the presence of new businesses participating for the first time.

(seafood.vasep.com.vn) The general context of January, with the New Year holidays and the Lunar New Year, inevitably caused the export of Vietnamese goods to decrease over the same period. Particularly, seafood exports decreased by nearly half to only USD 456 million. Besides, inflation and economic recession caused orders from major markets to drop sharply.

(seafood.vasep.com.vn) Seafood exports, especially shrimp and pangasius products in the Mekong Delta region, are facing more difficulties than the same period last year. It is forecasted that by the second quarter of 2023, the export situation will have prospered.

(seafood.vasep.com.vn) After a sharp decline in January, seafood exports in the first half of February 2023 increased by 42% over the same period. The total seafood export value in February reached about 662 million USD, a slight increase of 4% compared to the same period in 2022.

(seafood.vasep.com.vn) Vinh Hoan JSC approved the plan to buy land to fund aquaculture in An Giang province.

(seafood.vasep.com.vn) Many unexpected events affected the operation of the seafood industry in 2022. However, in danger lies opportunity, the industry has overcome a difficult period and achieved unexpected results. Many seafood exporters have had a bumper business season.

(seafood.vasep.com.vn) Many unexpected events affected the operation of the seafood industry in 2022. However, in danger lies opportunity, the industry has overcome a difficult period and achieved unexpected results. Many seafood exporters have had a bumper business season.

(seafood.vasep.com.vn) In January 2023, following the trend of the last quarter of the previous year, Vietnam seafood exports continued to decline deeply. It is estimated that in the first month of the year, seafood exports decreased by 31%, reaching about 600 million USD. In which, pangasius decreased by 50%, shrimp decreased by 46%, tuna decreased by 32%. Only cephalopods and other marine fishes were able to maintain a positive growth of 4% and 6% respectively.