Vietnam: Seafood exports in the first 8 months of 2021 reached 2.1 billion USD

Published 2021년 9월 25일

Tridge summary

In August 2021, Vietnam's seafood exports experienced a significant decline, with a value of 224.8 million USD, marking a 22% decrease from July and a 24% decrease from the same month the previous year. This downturn is primarily due to Covid-19-related challenges such as social distancing, reduced plant capacity, and interruptions in the supply chain. With the exception of bivalve molluscs, the export values of most seafood products fell by double-digits compared to August 2020. Despite these setbacks, the total seafood export value for the first eight months of the year increased by 7% compared to the same period in 2020. The top five markets for Vietnam's squid and octopus include South Korea, the CPTPP, the EU, Thailand, and China. The export value to these markets varied, with the EU seeing the most growth and China experiencing the largest decline.

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 August 2021, Vietnam's seafood exports reached 224.8 million USD, down 22% compared to July 2021 and down 24% compared to the same month. August 2020. In August 2021, Vietnam's seafood exports fell sharply compared to the previous month and compared to the same period last year. The reason is that production activities are delayed due to social distancing to prevent the Covid epidemic, processing plants reduce capacity, lack of production materials, supply chain is interrupted, transportation is not smooth. . Vietnam's seafood exports include other groups of fish products (except tuna and pangasius, accounting for 51.7% of Vietnam's total seafood export value); tuna (accounting for 22.1%); squid, octopus (17%); crabs, crabs and other crustaceans (4.9%); bivalve molluscs (4.1%) and other molluscs (except squid and bivalve molluscs account for 0.2%). In August 2021, the export value of all seafood products ...

Source: CafeF