Vietnam: Eleven-month seafood export almost reaches 9.2 billion USD

Published 2024년 12월 4일

Tridge summary

Vietnam's seafood industry is experiencing a surge in growth, with November exports reaching 924 million USD, a 17% annual increase, and total earnings for the first 11 months of the year nearing 9.2 billion USD, an 11.5% year-on-year increase. The country is on track to meet its 10 billion USD export target for 2024. Shrimp exports are expected to surpass 4 billion USD, and there has been robust growth in other seafood products like tra fish and tuna. The export value of mollusks increased by 180%. The domestic seafood industry is also boosting the processing and export of by-products such as fish meal. China has surpassed the US as Vietnam’s largest seafood importer.

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Original content

Vietnam's seafood industry is riding a wave of success, with November exports reeling in an impressive 924 million USD, a 17% annual increase, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). Total earnings in the 11-month period came close to 9.2 billion USD, an 11.5% year-on-year surge, putting the country on track to meet its 10 billion USD export target for 2024. Shrimp exports are set to top 4 billion USD by year-end, while other key seafood products like tra fish and tuna also posted robust growth. The export value of mollusks, in particular, skyrocketed by 180%. In addition, the domestic seafood industry is actively boosting the processing and export of by-products such as fish meal, said VASEP Communications Director Le Hang. In the first 10 months of this year, fish meal netted 220.4 million USD, with full-year earnings projected at 264 million USD. China, consuming nearly 90% of Vietnam's fish meal exports, solidifies its position as the ...

Source: WTOCenter