Vietnam's exports of bivalve molluscs to the EU have shown positive growth

Published 2020년 11월 13일

Tridge summary

Vietnam's bivalve mollusc and squid/octopus exports to the EU have seen positive growth in recent months, with bivalve mollusc exports reaching US $ 12.2 million in August and September, a 9.4% and 10.4% increase respectively, and squid/octopus exports reaching US $ 10.4 million, a 10% and 6% increase respectively. Despite a decrease in the first nine months due to the IUU yellow card and Covid-19, the exports show signs of recovery with the expectation of further growth with the EVFTA. However, the export of squid and octopus to the EU in the first nine months was down 33.5 million USD compared to the same period last year. The EU imported 46 million USD worth of bivalve molluscs in the first nine months, 64% of total exports, with Spain, Italy and Portugal being the main markets. The price of white and brown clam varies in these markets.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the Association of Seafood Exporters and Producers (VASEP), Vietnam's exports of bivalve molluscs to the EU in August and September this year reached US $ 6.2 million and US $ 5.8 million, respectively. 9.4% and 10.4% respectively over the same period last year. Vietnam's squid and octopus exports to the EU in August and September 2020 reached US $ 5.8 million and US $ 4.6 million respectively, up 10% and 6% year-on-year respectively. The EU is the market that recorded the deepest decline in Vietnam's octopus and squid imports in the first 9 months of this year. Export of squid and octopus to the EU decreased in the three quarters of the first 9 months of this year. Exports of squid and octopus to the EU from March to July this year continued to decline sharply due to the impact of the IUU yellow card, plus the impact of the Covid-19 epidemic, which reduced demand. However, in August 2020, the export of squid and octopus to this market showed signs of recovery and ...
Source: Vietnambiz

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