Vietnam earns over $7B from fishery exports in 9 months

Published 2024년 10월 11일

Tridge summary

Vietnam earned US$866 million from fishery exports in September. Shrimp is the top revenue generator, with a 10.5% increase year-on-year, despite competition in the frozen shrimp market. Processed shrimp exports saw a nearly 10% growth, and tra fish exports increased by 8%, with processed products surging 42%. Tuna exports experienced a 16% rise, although there are raw material shortages. Crab exports have seen significant growth, with a 56% increase in the third quarter and 66% over nine months, primarily driven by demand from China. The Vietnam Association of Seafood Exporters and Producers (VASEP) predicts that the total export value of fishery products will reach $9.5 billion in 2024, a 7% increase from 2023.

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

Original content

In September, the country earned US$866 million from fishery exports. Shrimp remains the top foreign currency earner, approximating $2.8 billion in the first nine months, a 10.5% increase. While frozen shrimp exports face competition from Ecuador and India, processed shrimp maintains a strong market position. Overseas shipments of processed whiteleg shrimp grew by nearly 10%, while frozen whiteleg shrimp rose 4.5%. Tra fish brought home $1.46 billion during January-September, an 8% rise year-on-year, with processed products surging 42%. Tuna exports, while strong earlier in the year, have slowed since August due to raw material shortages, but still increased 16% to reach $715 million in nine months. Crab exports have seen exceptional growth, by 56% in the third quarter and 66% over nine months, primarily driven by ...

Source: Vasep