Squid and octopus exports of Vietnam increased in many markets in the first month of the year

Published 2022년 2월 24일

Tridge summary

The Vietnam Association of Seafood Exporters and Producers reports a growth in squid and octopus exports to several markets in January 2022. The highest growth was observed in exports to China and Hong Kong (176%), and the EU, particularly Spain and France (562% and 346% respectively). Korea and Japan were the largest importers, accounting for 33% and 23% of the total export value respectively. Squid accounted for 56.4% of the exports, and octopus for 43.6%. The most significant growth was seen in other processed squid products. In 2021, Vietnam's squid and octopus exports reached $608 million, with the US seeing the highest growth in octopus imports (135%). Korea is the largest market for Vietnamese octopus, accounting for 41% of total exports.

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

Original content

According to the Vietnam Association of Seafood Exporters and Producers, the top markets for importing squid and octopus include: Korea, Japan, China and Hong Kong, EU, Thailand, USA, respectively. Israel and Taiwan account for 98% of Vietnam's total export value of squid and octopus. In the Top 5 main import markets of Vietnam's squid and octopus in January 2022, exports to China and Hong Kong grew the most by 176%. Exports to the EU increased by 90%, of which exports to 2 single markets in the bloc, Spain and France, grew by 3 figures, 562% and 346% respectively over the same period last year. Korea is the largest import market of Vietnam's squid and octopus, accounting for 33% of the total export value. In January, 2022, exports of squid and octopus to this market reached over $28 million, up 18% over the same period last year. Japan ranked second, accounting for 23%, importing USD 14.2 million of squid and octopus from Vietnam in the first month of this year, up 55%. In the ...

Source: Vinanet