Vietnam: Seafood exports strongly to the EU thanks to trade agreements

Published 2021년 3월 10일

Tridge summary

Vietnam's squid and octopus exports experienced a 20% increase in January 2021 compared to the same period in 2020, totaling nearly $44 million. This growth is attributed to the holiday period for the Lunar New Year and the control of the Covid-19 epidemic. The exports were dominated by squid, which accounted for 52% of the total, and octopus, 44%. Notably, dried/grilled squid saw a significant increase of 36%. Korea, China, and the EU are the major markets, with the EU showing the highest growth rate. The Vietnam-EU Free Trade Agreement is playing a key role in this growth. Despite the initial impact of the IUU yellow card and the Covid-19 pandemic, demand is on the rise, and VASEP anticipates further growth in the squid and octopus export sector.

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

Original content

Vietnam's export of squid and octopus to Vietnam in January 2021 increased by 20% over the same period in 2020, reaching nearly $ 44 million, of which major markets grew strongly such as Australia, Italy, and Portugal. Nha, China ... This growth, according to the Vietnam Association of Seafood Exporters and Producers (Vasep), is due to this year the Lunar New Year holiday took place in February, so the production time and exported more than in January last year. Of the total squid and octopus export structure of Vietnam, squid accounts for 52%, octopus accounts for 448%. The export value of octopus and squid increased over the same period. Currently, the export of processed squid and octopus (HS 16) both decreased by 29% and 18% over the same period. Dried / grilled squid (HS 03) is a commodity with the highest growth rate of 36%, reaching $ 10 million. Korea is still Vietnam's largest import market for squid and octopus, accounting for nearly 40% of the total export value of this ...

Source: Vinanet