Vietnam's seafood exports earned US$2.7 billion in the first four months of this year

Published 2024년 5월 15일

Tridge summary

In the first four months of 2024, Vietnam saw a 6% increase in the export value of aquatic products compared to the same period in 2023, totaling US$2.7 billion. Despite similar shrimp exports to April 2023, there was a 13% increase in pangasius exports and a 28% surge in tuna exports in April 2024, compensating for the 14% drop in squid and octopus exports and the 2% decrease in shellfish exports. Crab exports experienced a 101% growth, with China being the main market. However, exports to the EU and the United States were stagnant or slightly down, and there was a significant drop in exports to China. The industry remains cautious due to inflation and inventory issues, but expects improvements in the second half of the year.

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

Original content

However, shrimp exports are only equivalent to the level in April 2023, while exports of squid, octopus and some other marine fish are still lower than in the same period. In the first four months of 2024, the total export value of aquatic products reached US$2.7 billion, an increase of 6% over the same period in 2023. In April 2024, shrimp exports reached US$285 million, which is only equivalent to the same period in 2023, but it is still the month with the highest export value so far this year. In the first four months of this year, shrimp exports totaled US$971 million, an increase of 6% over the same period in 2023. Ms. Li Heng, media director of the Vietnam Association of Aquatic Products Exporters and Producers, said that in April 2024, the export value of pangasius increased by 13% to US$168 million, which is a positive sign after consecutive declines in February and March. The total export value of pangasius in the first four months of this year reached US$579 million, an ...

Source: Foodmate