Seafood exports fell to negative for the first time in Vietnam

Published 2022년 12월 1일

Tridge summary

Vietnam's seafood exports from January to November 2022 reached 10.2 billion USD, a nearly 28% increase from the same period in 2021, despite a decrease in November exports. The exports consisted of 63% pangasius, 14% shrimp, 40% tuna, and saw positive growth in squid and octopus. The US, China-Hong Kong, and Japan were the largest markets. However, export growth slowed down in the second half of the year due to inflation and falling demand, with a forecasted further decline in December and throughout 2023. The ministry also highlighted challenges such as China's 'Zero Covid' policy, the depreciation of the Chinese yuan and Thai baht, strict EU origin tracking, and high tablet standards.

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Original content

Although November exports fell sharply, but accumulated from the beginning of the year to the end of November 2022, Vietnam's seafood exports reached 10.2 billion USD, up nearly 28% over the same period in 2021. According to Ms. Le Hang, Communications Director, Vietnam Association of Seafood Exporters and Producers (VASEP), in November, exports of shrimp, pangasius and tuna all decreased by 20-26% compared to the same period last year. . Only squid, octopus and sea fish for export still maintained positive growth of 9% and 6%, respectively. By the end of November, pangasius exports still grew strongly by 63% to nearly 2.3 billion USD, shrimp earned over 4 billion USD, up 14%. Tuna is the industry with the second largest growth with 40%, reaching 941 million USD. Export of squid and octopus also increased strongly by 30%, reaching 704 million USD. The US market contributes the largest amount of foreign currency to Vietnamese seafood with over US$2 billion, up nearly 10% over the ...

Source: Haiquanonline