Vietnamese seafood exports increase

Published 2024년 8월 7일

Tridge summary

In the first half of 2024, Vietnamese seafood exports saw a nearly 6% increase compared to the same period in 2023, reaching nearly $4.4 billion. The exports were dominated by shrimp, pangasius, tuna, cephalopod, and other finfish. The most significant growth was seen in crab and swimming crab exports, which increased by 75%. However, cephalopod and other finfish exports saw a decline. China was the main consumer of many seafood products, including lobster and live crab. Despite the positive growth, the exports are facing price competition from other countries, leading to low average export prices for key products like shrimp and tra fish. The seafood exports are expected to return to a normal trajectory in the second half of the year.

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

Original content

Vietnamese seafood exports increase. In the first half of 2024, Vietnamese seafood exports reached nearly $4.4 billion, an increase of nearly 6% compared to the same period in 2023. Of this, shrimp exports accounted for over 37% at $1.64 billion, pangasius accounted for 21% at over $918 million, tuna accounted for 10.7% at $471 million, cephalopod accounted for 6.6% at $289 million, and other types of finfish accounted for nearly 20% at $865 million. Most of the major products saw an increase in export value compared to the same period last year: shrimp and pangasius increased slightly by 6% and 5% respectively, crab and swimming crab exports saw the strongest growth at 75%, and tuna exports increased by 23%. On the other hand, cephalopod exports declined slightly by 1% and other types of finfish declined by nearly 6%. The positive signals for the shrimp industry seem to be more focused on lobster products with sales upsurging from $46.6 million in the first half of 2023 to $126.7 ...

Source: Fish Focus