Vietnam's Seafood Exports Surged by 18.9% YoY, While Seafood Imports Declined by 3.4% YoY in Jan-23 to Nov-23

In Nov-23, Vietnam's seafood exports are anticipated to reach USD 800 million, a 1.4% increase month-on-month (MoM). Despite consistently achieving a growth rate of over 50%, the seafood industry faces challenges due to a substantial decline in the value of primary products. Consequently, the total value of seafood exports from Jan-23 to Nov-23 stands at USD 8.24 billion, an 18.9% increase year-over-year (YoY). Simultaneously, the total value of seafood imports reached USD 2.41 billion, a 3.4% YoY decline.