The US, China, and the EU increase the purchase of seafood from Vietnam

Published 2022년 4월 28일

Tridge summary

Vietnam has experienced a significant surge in seafood exports in the first quarter of 2022, with a 46% increase compared to the previous quarter and a 45% increase compared to the same period in 2021, generating over 2.5 billion USD in revenue. The exports were dominated by shrimp and pangasius, contributing 38% and 26% of the total value, respectively. Other exports included tuna, krill, and other marine fish. Despite a decrease in exports to Russia, there was substantial growth in other markets. The average price of seafood exports also increased, aiding in the revenue growth. The United States continues to be the largest market for Vietnam's seafood exports, with the European Union (EU) showing promising potential due to recovered demand and tariff advantages from the EVFTA Agreement.

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

Original content

Seafood exports increase sharply in major markets According to the Vietnam Association of Seafood Exporters and Producers (VASEP), in the first quarter of 2022, the country's seafood exports brought in over 2.5 billion USD, up nearly 46% compared to the previous quarter. first quarter of 2021. In which, shrimp accounted for 38% with nearly 955 million USD, pangasius accounted for 26% with 654 million USD, tuna 259 million USD, accounting for over 10%. Krill, including squid and shellfish, accounted for 7.5% with $189 million. Other marine fish accounted for 17% with $421 million. In March, seafood exports to Russia fell deeply by 86%, but in return, exports to other markets had a breakthrough growth of 30-88%. In particular, the average price of seafood exports to most markets has increased and this is the main factor helping seafood export turnover in the first three months of this year reach the highest level of the first quarter of the year. In which, the price of pangasius ...

Source: Danviet