Vietnam: Seafood exports flourished, orders arrived in droves, and stocks of many businesses increased

VASEP said that although pangasius exports were still 24% lower than the same period in 2022, exports of all other key products to the US recovered in August. For example, shrimp increased by 11%, Tuna increased by 2%, other marine fish increased by 12%, crab, squid, octopus, and shellfish all increased by 24-56% over the same period last year. "It's recovering slowly, but the US market still has a better trend for frozen seafood consumption," said VASEP expert Ms. Le Hang, and said, despite the retail price of fresh seafood in the US. continues to decrease but the price of frozen seafood is increasing slightly by 0.5%. According to VASEP statistics, by the end of August 2023, seafood exports to the US have reached 1 billion USD. It is forecasted that for the whole year 2023, this market will contribute 1.7 billion USD in export revenue for Vietnamese seafood, 23% less than in 2022. For the two markets China and Japan, seafood exports Production also increased compared to the ...