The Vietnam's seafood export market is still in an unpredictable period

Published 2023년 9월 7일

Tridge summary

Seafood export turnover in Vietnam is estimated to be around $846 million in August 2023, a 15% decrease compared to the previous year. However, this is the lowest negative growth in the past six months and sales have been higher than in previous months. The downturn in the seafood market is attributed to the decline in the world economy and decreased demand in major markets like the US, EU, and China.

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

Original content

According to data from the Vietnam Association of Seafood Exporters and Producers (VASEP), seafood export turnover in August 2023 is estimated to reach 846 million USD, although still 15% lower than August 2022, but this was the lowest negative growth in the past 6 months and sales were much higher than in previous months. It is estimated that by the end of August 2023, seafood export turnover will reach nearly 5.8 billion USD, nearly 25% lower than the same period in 2022. Despite more positive signals, VASEP evaluates the seafood export market. This year's property is still in a tumultuous and unpredictable period. This is clearly shown when in May 2023 export turnover recovered, reaching a high of 808 million USD, but the next 2 months stagnated while the annual pattern of exports gradually increased in the second half of the year, especially especially the third quarter. Pangasius exports only reached their highest level in March, then tended to gradually decrease. This trend ...

Source: Vinanet