Tags:

CPTPP

(seafood.vasep.com.vn) Vietnam's pangasius exports in the first 6 months of the year recorded a growth in almost all major markets. The total export value of pangasius reached 1.42 billion USD, up 82.4% over last year’s same period. However, from Q3/2022, this growth rate is expected to slow down in some markets.

(seafood.vasep.com.vn) For many Vietnam’s pangasius exporters, Mexico is the current “hottest” market within the CPTPP. As of the first half of May 2022, the total export value of Vietnam pangasius to Mexico reached 45.6 mil USD, an increase of 70% compared to the same period last year, which accounts for 4.3% of the total pangasius export value. This result shows that Mexico is a potential and attractive destination with an even higher export value than Brazil.

(seafood.vasep.com.vn) In the first 4 months of 2022, Vietnam's tuna exports to Mexico were unstable. However, the total export value to this market still increased by 41% compared to the same period in 2021, reaching more than 5.1 million USD. Mexico is currently the 13th largest import market of Vietnam’s tuna in this period.

(seafood.vasep.com.vn) Tuna is one of the products that have made good use of FTAs ​​such as EVFTA and CPTPP to increase exports in the first months of 2022.

(vasep.com.vn) 2021 is a difficult year for Vietnamese pangasius exporters. Covid-19 has attacked, making farming, transportation and export activities difficult. However, the whole year pangasius export value still reached 1.61 billion USD, up 8.4% over the previous year. "The difficulty, the wisdom", when exporting pangasius to a number of large markets was congested due to disease inspection and social distancing, businesses have smartly turned to a number of potential markets.

(seafood. vasep.com.vn) CPTPP is the second largest market for Vietnam's imports after the US, accounting for 25% of Vietnam's total shrimp export value to shrimp markets. As of November this year, Vietnam's shrimp exports to the CPTPP market were estimated at US$905.2 million, down 0.2% over the same period. Vietnam's shrimp exports to the main markets in the CPTPP block tend to recover in the year-end period.

(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.

(vasep.com.vn) While Vietnam's tuna exports to main markets mostly decreased in August 2021, tuna exports to Mexico increased by nearly 263% over the same period in 2020 and reached the level almost equivalent to August 2019, the time before the pandemic. Previously, after a continuous decline in the first quarter, Vietnam's tuna exports to this market tended to grow continuously at a high level since April. Cumulatively in the first 8 months of 2021, the export value of tuna to this market reached more than US$ 9.3 million, an increase of 97% over the same period in 2020. With this result, Mexico becomes a promising market for Vietnamese tuna.

(seafood.vasep.com.vn) The 4th Covid wave broke out strongly in Ho Chi Minh City and 18 provinces and cities - key seafood processing and export areas of Vietnam, causing a sharp drop in export turnover to many major markets in August 2021. However, in this dark picture at this stressful Covid period, there are still small bright spots in some niche markets such as Mexico and many others.

(seafood.vasep.com.vn) In the first four months of 2021, Vietnam's total shrimp export value reached US$961.9 million, up 10.2% over the same period last year, of which whiteleg shrimp products accounting for 75.8% of total shrimp exports, up 20%. This result reflects the flexible grasp of the market by Vietnamese shrimp enterprises to overcome obstacles of many Covid waves.

(seafood.vasep.com.vn) In February 2021, Vietnam's tuna export decreased by 22% compared to the same period in 2020, reaching nearly 43 million USD. Accumulated in the first two months of the year, the total export value of tuna reached 85 million USD, down by 10% compared to the same period in 2020. Vietnam has exported tuna to 54 markets around the world.

(vasep.com.vn) In 2020, while the Covid pandemic caused Vietnam's seafood exports to most of major markets to decline, exports to some CPTPP countries such as Australia and Canada recorded positive growths: Export to Australia increased by 9%, to Canada grew 14%.

(seafood.vasep.com.vn) In February 2021, due to the Lunar New Year holiday, the total seafood export of the whole country decreased by over 17% compared to the same period last year, reaching over 410 million USD. However, in fact, exports tend to be recovering because the value of exports to many markets has increased sharply and many export companies have significantly higher sales compared to the same period last year.