Japanese like Indonesian squid and octopus, but strict with Vietnam

Published 2020년 7월 16일

Tridge summary

Vietnam's squid and octopus exports have seen a decline in the first five months of the year due to reduced demand and production challenges, with a 44% decrease in exports to Japan in May 2020. Despite being the second largest supplier of squid and octopus to Japan, Vietnamese businesses face competitive pressure from Indonesia. Japan's imports of these products reached US $146.9 million in the first five months of the year, a 4.4% decrease from the same period in 2019. The imports consist of various processed and fresh forms of squid and octopus, with processed squid being the largest proportion.

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

Original content

The impact of the Covid-19 epidemic reduced demand and difficulties in production materials, causing Vietnam's squid and octopus exports in the first 5 months of this year to continue to decline from 2019. According to the General Department of Customs , Vietnam's squid and octopus exports to Japan in May 2020 decreased by 44% compared to the same period last year. In the first 5 months of this year, Vietnam's exports to Japan reached over US $ 48 million, down 22% compared to the same period of 2019. Vietnam is one of the five markets with the export rate of squid and octopus. to Japan fell sharply. Meanwhile, the markets of Thailand, the United States, South Korea and Indonesia were increased by purchasing Japanese squid and octopus. Japan imports squid and octopus from 11 sources. The largest suppliers of squid and octopus to Japan are China, Vietnam, Thailand, Indonesia and the Philippines, respectively, accounting for 81%, 9.5%, 4.8%, 1.3% and 0.6% of total import value of ...

Source: tieudung