After 10 years, Vietnamese seafood exports to the US increased by 80%

Published 2023년 9월 11일

Tridge summary

Despite facing a decrease in seafood exports to the US in 2023 due to market difficulties and inventory problems, Vietnam's seafood exports to the US reached a record of 2.15 billion USD in 2022, an 80% increase compared to 2012. The main seafood exports to the US include shrimp, which saw a 77% increase from 2012 to 2022, pangasius, which increased by 50%, and tuna, which doubled in exports. The US is not only Vietnam's top seafood import partner but also provides important seafood products to the Vietnamese market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The US is always Vietnam's leading seafood import partner. In 2022, seafood exports to the US will reach a record of 2.15 billion USD, an increase of 80% compared to 2012, the time before Vietnam - US established the Comprehensive Partnership (2013). Specifically, shrimp exports increase by 77% from 454 million USD in 2012 to 807 million USD in 2022, reaching a peak of over 1 billion USD in 2021; Pangasius increased by 50% from 359 million USD to 537 million USD, tuna doubled from 244 million USD to 489 million USD. These three industries account for over 80% of seafood export turnover to the US. In addition, the US also increased imports of many other aquatic products from Vietnam such as crabs, crabs, clams, and other marine and freshwater fish species. In the first 8 months of 2023, Vietnamese seafood exports to the US reached over 1 billion USD, down 39% compared to the same period in 2022, due to general difficulties in the world market such as inflation and a decrease in ...

Source: Vietstock