Vietnamese seafood exports to the US have increased by 80% since the two countries established a comprehensive partnership in 2013

Published 2023년 9월 12일

Tridge summary

Vietnamese seafood exports to the US have significantly increased in recent years, particularly in shrimp, pangasius, and tuna. These three industries account for more than 80% of seafood export turnover to the US. However, in the first half of 2023, there has been a decrease in exports due to general difficulties in the world market and US importers' inventories slowing down market imports. Despite this, the US remains a crucial partner for Vietnamese seafood, as it is both a key import market and a source of important seafood products for Vietnam.

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

Original content

According to VASEP, the main seafood products exported to the US have had a breakthrough in sales after 10 years since the two countries established a Comprehensive Partnership in 2013. Shrimp exports alone increased by 77% from 454 million USD in 2012 to 807 million USD in 2022, of which shrimp exports peaked at over 1 billion USD in 2021; Pangasius increased 50% from 359 million USD to 537 million USD, tuna doubled from 244 million USD to 489 million USD. These three industries account for over 80% of seafood export turnover to the US. In the first 6 months of 2023, the export price of Vietnamese pangasius to the US market fluctuates at 2.97 - 3.45 USD/kg. Vietnam mainly exports frozen pangasius fillets; frozen pieces/cuts of pangasius; frozen breaded pangasius; Dried puffed pangasius and fried pangasius skin to the US market. The top 3 enterprises exporting pangasius to the US include: Vinh Hoan, East Sea Seafood, and Van Duc Tien Giang, accounting for 51%, 18%, and 11% of the ...

Source: Danviet