Vietnam squid and octopus exports increase. In the first 8 months of 2022, Vietnam squid and octopus exports reached $489 million, up 36% over the same period in 2021. In which, squid exports accounted for 56.4%, reaching $276 million, up 47%; octopus exports accounted for 43.6%, reaching $213 million, up 24%.
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Korea and Japan are the two markets that account for a prominent proportion of Vietnam’s squid and octopus imports, accounting for 36% and 22% respectively. China ranks third with 10% but has a high growth rate of 113%. Exports to the US, Spain, France, and Israel also increased strongly: 53%, 152%, 76% and 193% respectively. Export of squid and octopus to the EU market in the first 8 months of the year reached over US$52 million, up 34% over the same period. Italy, Spain and France are the three largest import markets in the bloc. Exports to Italy decreased slightly by 1% while exports to the other two markets increased by 152% and 76% respectively. Fresh and frozen octopus, HS code 03, accounts for 83% of total octopus exports. For squid, fresh/frozen products accounted for 49%, grilled dried squid accounted for 42%, the rest was processed squid (9%). The value of squid exports recorded a higher growth (47%) than octopus exports (24%). Export of processed squid recorded the ...