Seafood exports grow over 30% in Vietnam

Published 2022년 9월 29일

Tridge summary

Vietnam's seafood exports experienced a significant surge in August, with a 80% increase compared to the same period last year, as export processing enterprises ramped up operations after Covid-19 restrictions. The exports were diversely distributed across other marine fish (48% of the total), tuna (26%), squid, octopus (17%), crabs, crustaceans (5%), bivalve molluscs (4%), and other molluscs (4%). Notably, tuna exports saw the highest growth of 55%, followed by crabs, other crustaceans, and squid and octopus. However, the war situation in Russia is posing a challenge by driving up exploration costs and creating a raw material shortage, impacting the seafood industry.

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

Original content

According to Ms. Kim Thu, shrimp market expert of VASEP, seafood exports currently account for 37% of the country's total seafood export value. Seafood exports in August this year recorded a strong growth of 80% because at the same time last year, export processing enterprises had to reduce their capacity or stop working to prevent the Covid-19 epidemic. Vietnam's seafood exports include the following product groups: other marine fish, accounting for 48% of Vietnam's total seafood export value); tuna (accounting for 26%); squid, octopus (17%); crabs, crabs and other crustaceans (5%); bivalve molluscs (4%) and the remainder other molluscs. In the first eight months of 2022, the export value of caught seafood products increased, except for other mollusk exports that decreased. Tuna exports recorded the strongest growth rate of 55% at USD 730 million. Exports of crabs, other crustaceans and squid and octopus increased by 37% and 36%, respectively. Exports of bivalve molluscs ...

Source: Vinanet