Vietnam: Seafood exports to CPTPP countries increased sharply

Published 2021년 3월 1일

Tridge summary

In January 2021, Vietnam's seafood exports experienced a significant surge, with a 23.4% increase compared to the same period last year, generating over 606 million USD. This growth is attributed to various factors, including the Lunar New Year holiday and a positive market trend. The country saw substantial increases in exports of pangasius, other sea fish, white shrimp, and bivalve mollusks. Notably, cashew exports to CPTPP agreement countries like Australia, Japan, and Mexico saw a sharp 34% increase. The US, Russia, and Taiwan also reported positive growth in imports from Vietnam. However, exports of high value-added processed products have seen a decline due to reduced demand and strict quarantine requirements for frozen goods exported to China.

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

Original content

Statistics January 2021, Vietnam's seafood exports reached over 606 million USD, up 23.4% over the same period last year, but according to the Vietnam Association of Seafood Exporters and Producers (Vasep), cashew especially exports to the CPTPP agreement countries increased sharply, up to 34%. Vasep acknowledged that one of the reasons for the increase in exports over the same period was due to the Lunar New Year holiday, but the 23.4 percent growth rate is considered a positive signal for Vietnam's seafood exports. which is reflected in the increase in exports of pangasius (21.7%), other sea fish (+ 46%), white shrimp (32.5%), and bivalve mollusk increased by 43%. As for the export markets, the results in January also showed positive signals for the US (+ 25.6%), Russia (+ 72%), Taiwan (+ 60%). In particular, exports to countries in the CPTPP agreement increased 34%, of which to Australia increased 105%, Japan increased 25%, Mexico increased 68%. Exports to other markets in ...

Source: Vinanet