Vietnam: Seafood exports in 2021 maintain strong performance, reaching $3.4 billion

Published 2022년 1월 29일

Tridge summary

Vietnam's seafood exports in 2021 saw a 7% increase compared to the previous year, totaling $3.4 billion and accounting for 38% of the country's total seafood production. Despite challenges such as social distancing, factory closures, labor shortages, capital sources, and increased input costs due to COVID-19, the industry experienced growth. The export structure included fish (excluding tuna and pangasius), tuna, squid, octopus, crabs, and bivalve molluscs. The most significant increase was in bivalve molluscs, with a 35% rise. The top five markets for squid and octopus exports were South Korea, CPTPP, Thailand, EU, and China.

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

Original content

According to the Association of Seafood Exporters and Producers (VASEP) in 2021, Vietnam's total export of seafood products will reach $3.4 billion, up 7% compared to 2020, accounting for 38% of seafood export turnover. produce. Previously, in the third quarter of 2021, seafood businesses struggled because of social distancing, factory closures, and reduced capacity. Even when adapting to COVID-19, businesses continue to face the problem of labor shortages, capital sources, increased input costs, plus the cost of epidemic prevention... Despite being affected by the COVID-19 epidemic, seafood exports in 2021 will still grow positively thanks to the efforts of businesses and reasonable policies of the Government. VASEP provides information on the structure of export seafood groups as follows: fish of all kinds (except tuna and pangasius); tuna accounted for 22%; squid, octopus accounted for 18%; crabs, crabs and other crustaceans accounted for 6%; bivalve molluscs account for 4%... ...

Source: Vietnambiz