Japan spent 53 million USD to buy Vietnamese crab

Published Sep 29, 2023

Tridge summary

Vietnamese seafood exports to Japan have experienced minimal disruption despite economic decline and reduced consumer demand. In the first 8 months of the year, Japan spent nearly $1 billion to import Vietnamese seafood, making it one of the three largest markets for Vietnamese seafood alongside the US and China. While overall seafood exports have decreased by 22%, crab exports to Japan have seen impressive growth, with a 51% increase in turnover compared to the same period in 2022.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Sharing at the conference on disseminating export standards to Japan on the afternoon of September 29, Mr. Nguyen Hoai Nam, Deputy Secretary General of the Association of Seafood Exporters and Producers (VASEP), said that the Japanese market is increasingly love Vietnamese seafood. In the context of economic decline, inflation, and reduced consumer demand, seafood exports to this country have little disturbance. According to Mr. Nam, in the first 8 months of the year, Japan spent nearly 1 billion USD to import Vietnamese seafood. "This number is down 13.5% year-on-year, but is only half the average decrease from other countries," he said. Currently, the US, China and Japan are the three largest markets, all importing Vietnamese seafood exceeding the 1 billion USD mark. Among the 15 groups of seafood products exported to Japan, there are 5 groups (scada fish, pollock, mackerel, mackerel, herring) growing positively with turnover increasing by 6-50% over the same period in 2022. ...
Source: VNExpress

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