More fresh seafood from Vietnam is delivered to the Chinese market

Published 2024년 8월 15일

Tridge summary

Vietnam's seafood exports in the first half of the year saw a 6% increase, reaching US$4.4 billion, with shrimp, Basa fish, tuna, squid, and octopus being the dominant exports. Lobster exports experienced a significant surge of 171%, primarily to China, and crab exports also saw a 75% increase. However, the Chinese market faces an oversupply due to high domestic harvest and imported Ecuadorian shrimp, potentially affecting market stability. Despite this, the Vietnamese seafood export industry remains hopeful, attributing growth to the growing preference for high-quality, high-value-added seafood among Chinese consumers, particularly in the e-commerce sector.

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

Original content

Vietnam's seafood exports in the first half of the year amounted to US$4.4 billion, a year-on-year increase of 6%. Shrimp exports amounted to US$1.64 billion, accounting for more than 37%; Basa fish exports amounted to US$918 million, accounting for 21%; tuna exports amounted to US$471 million, accounting for 10.7%; squid and octopus exports amounted to US$289 million, accounting for 6.6%, and other fish exports amounted to US$865 million, accounting for nearly 20%. Vietnam's lobster exports in the first half of the year amounted to US$166.7 million, far exceeding the US$46.6 million in the same period last year, an increase of 171%. 98% of lobster products were exported to China. Vietnam's crab exports in the first half of the year amounted to US$125 million, a year-on-year increase of 75%, of which live crab exports amounted to US$54 million. China is the main consumer country. Vietnam's lobster exports to China in the first half of the year amounted to US$1.2 200 million US ...

Source: Foodmate