Top 10 single markets that import Vietnamese seafood, the US is at the top

Published 2022년 2월 11일

Tridge summary

In 2021, Vietnam's seafood exports saw growth in many markets, with the US being the largest import market. The EU, South Korea, Australia, and other countries also experienced positive growth in seafood imports from Vietnam. However, imports from Japan and China decreased. The increase in imports from markets participating in Free Trade Agreements with Vietnam, such as Australia, allowed importers to benefit from preferential tariffs. Australia's imports of Vietnamese seafood, including shrimp, pangasius, squid, octopus, and tuna, saw over 16% growth, with pangasius exports to Australia experiencing a 21% decrease.

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

Original content

According to the Association of Seafood Exporters and Producers (VASEP) in 2021, Vietnam exports seafood to nearly 170 markets. In which, the US is the largest import market with 2 billion USD, up 27%, accounting for 23% of total seafood export turnover. Seafood exports to most markets had positive growth such as the EU increased by 12%, South Korea increased by 5%, Australia increased by 16%, Russia increased by 21%. In particular, seafood exports to many potential markets with breakthrough growth rates such as Mexico up 49%, the Philippines up 66%, Israel up 41%, Brazil up 47%, Colombia up 73%... However, a few markets reduced seafood imports from Vietnam such as Japan, which decreased by nearly 7%, China by 18%. According to VASEP, many markets have adapted and accepted to live with COVID-19 such as the US, EU and Brazil, so import demand has recovered strongly. In addition, many importers in markets participating in FTAs with Vietnam also take advantage of preferential tariffs ...

Source: Vietnambiz