Vietnam: Seafood exports to China are still difficult

Published 2023년 5월 9일

Tridge summary

Vietnam's seafood exports to China have not recovered, with a decrease of 27% in the first quarter of 2023 compared to the same period last year, despite China's strong recovery in seafood import demand. The decrease is due to market and internal factors, with pangasius exports to China experiencing a significant drop, impacting other products as well. However, dried anchovy and black tiger shrimp exports to China have seen increases. China's seafood imports for both export processing and domestic consumption increased in the first quarter of 2023, with a predicted increase in seafood consumption in 2023 due to the liberation of 1.4 billion people from foreign trade and Covid lockdowns.

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

Original content

Exports to China have not broken through yet On May 9, after completing customs procedures to export frozen shrimp containers to the US market through Ninh Thuan Customs Branch (Khanh Hoa Customs Department), Ms. Chau Thi Bao Ngoc, Import-Export Department, Information Co., Ltd. Thuan (Ninh Thuan) said that seafood exports from the beginning of the year have not recovered, orders dropped sharply by about 40%. In particular, exporting to the Chinese market is still very difficult. According to information from the Vietnam Association of Seafood Exporters and Producers (VASEP), statistics from China Customs show that the country's seafood import demand is recovering strongly after opening in early 2023. However, according to the analysis of Ms. Le Hang, Communications Director of VASEP, Vietnam's seafood exports to the Chinese market have not yet recovered. There are reasons from market factors and also from internal forces. In the first quarter of 2023, Vietnam's seafood exports to ...

Source: Haiquanonline