Vietnam: Seafood exports reached 7.1 billion USD, shrimp and pangasius brought in more than 4.2 billion USD, China's crab purchases increased by 66%

Published 2024년 10월 2일

Tridge summary

Vietnam's seafood exports in the third quarter of the year saw a significant increase of nearly 13% compared to the same period in the previous year, reaching 2.76 billion USD. The first nine months of the year saw an 8.5% increase in seafood exports, totaling 7.16 billion USD. Key products such as pangasius, shrimp, crab, and shellfish experienced substantial growth, with crab exports to China playing a major role. However, tuna exports have seen a decline due to regulations on catching minum size tuna. The Vietnam Association of Seafood Exporters and Producers (VASEP) predicts a continued growth in seafood exports in 2024, with an estimated export turnover of 9.5 billion USD, an increase of 7%.

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

Original content

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), seafood exports in the third quarter of this year reached 2.76 billion USD, up nearly 13% over the same period last year. Of which, in September alone, it reached 866 million USD, up 6.4% over September 2023. In the first 9 months, seafood exports reached 7.16 billion USD, up 8.5% over the same period last year. Key products all had significant breakthroughs, including: pangasius increased by 13.5%, shrimp increased by 17.5%, crab increased by 56%, and shellfish increased by 95%. In September, tuna exports decreased by nearly 6% over the same period, causing exports in the third quarter to be only about 4% higher than the same period last year. Since August, tuna exports have slowed down and are showing signs of declining in the last months of the year, as the regulation on catching tuna with a minimum size of 0.5m has prevented fishermen from exploiting the fish and businesses from having raw ...

Source: Danviet