Vietnam: Seafood exports in the first 5 months increased by 14%

Published 2021년 6월 2일

Tridge summary

Vietnam has experienced a significant surge in seafood exports in the first five months of 2021, with notable increases in shrimp, pangasius, tuna, and other marine fish exports. The US, EU, and CPTPP markets have been key contributors to this growth, with the US leading in shrimp and tuna imports. The rapid implementation of Covid vaccinations and economic stimulus in the US are driving a recovery in seafood consumption. The EU market also shows positive signs of growth, bolstered by tariff advantages from the EVFTA agreement. Additionally, exports to Australia, Canada, and the UK have seen substantial increases, contributing 3.3-4% to the total seafood export turnover. The stable supply of seafood raw materials, despite Covid impacts, is a positive factor for the trend in Vietnam's seafood exports.

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

Original content

Exports of main products continued to increase. In which, shrimp exports increased by 25% in May to USD 375 million, after reaching over USD 300 million in April, up 23%. By the end of May, Vietnam's shrimp exports reached 1.34 billion USD, up 14%. Pangasius exports are also recovering higher than expected with an increase of 26% to 134 million USD in May, after increasing by 25.8 million USD to 145 million USD in April. Pangasius export turnover in the first 5 months reached $623 million, up 12%. By the end of May 2021, seafood exports reached $1.3 billion, up 14.5% over the same period last year. In which, tuna exports accounted for 22% with 292 million USD, up 21% over the same period in 2020. In 2 months: April and May, tuna exports almost increased by 1.5 times over the same period. previous, are positive signals for the trend in the coming months. Exports of other marine fish accounted for 53% of seafood exports with USD 698 million in the first 5 months, up 12%. Squid, ...

Source: Vinanet