China and the US buy the most, seafood exports reach over 10 billion USD within reach

Published 2024년 12월 1일

Tridge summary

Vietnam's seafood exports have seen significant growth in the last two months, reaching 1 billion USD in October and 924 million USD in November, marking an 11.5% increase from the previous year with a total turnover of nearly 9.2 billion USD. The country's shrimp exports experienced a 22% increase in November, with projections to reach 4 billion USD by the end of the year. Other products like pangasius and tuna also showed positive growth. The Chinese-Hong Kong market led in Vietnam's seafood import markets, growing by 61% in November, while the US market also showed positive growth of 21%. The US Department of Commerce announced preliminary anti-subsidy taxes on shrimp imported from Ecuador, India, and Vietnam, with a lower tax rate for Vietnamese shrimp, providing a competitive advantage in the US market. The EU market also contributed significantly to the total seafood export turnover, enjoying advantages from the Free Trade Agreement between Vietnam and the EU. To achieve the export target of nearly 10 billion USD this year, seafood enterprises are encouraged to diversify export markets, promote product images to consumers, and update market information.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the report of the Vietnam Association of Seafood Exporters and Producers (VASEP), in the last two months, Vietnam's seafood exports reached 1 billion USD (October) and 924 million USD (November), respectively. Accumulated to the end of November, Vietnam's total seafood export turnover reached nearly 9.2 billion USD, up 11.5% over the previous year. Shrimp exports maintained impressive growth momentum, reaching an increase of 22% in November, and are forecast to reach 4 billion USD by the end of the year. Other products such as pangasius and tuna also recorded positive growth. Pangasius reached 1.84 billion USD in the first 11 months of the year, and is forecast to reach 2 billion USD by the end of 2024. Tuna, up 8% compared to November 2023, and could reach 1 billion USD as the record in 2022. In addition, some products such as crab, shellfish and octopus also recorded high growth, of which shellfish had an impressive growth rate of up to 180%. Assessing seafood ...
Source: Danviet

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.