Vietnam's seafood exports to earn US$4.4 billion in the first half of 2024

Published 2024년 7월 11일

Tridge summary

In the first half of 2024, Vietnam's aquatic product exports experienced a significant surge, reaching the highest level since the beginning of the year and marking the highest increase intra-year for most major commodities. The export volumes of tra fish, tuna, and crab saw notable increases of 22%, 40%, and 59% respectively, while shrimp products experienced a marginal increase of 7%. The export value of shrimp surpassed $1.6 billion, growing by over 7% year-on-year, and lobster exports saw a remarkable increase of 56 times, exceeding $130 million. Tuna exports, particularly canned tuna, also experienced strong growth, with a nearly 25% increase in the first half of 2024. Europe emerged as the region with the most significant growth in exports in June, with a 40% increase, contributing to a 12% year-on-year rise in Vietnam's seafood exports to EU countries. The exports to the United States and China also saw substantial increases of 14% and 18% respectively. With a stable and accelerated growth expected in the latter half of 2024, Vietnam's seafood export market is on track to reach over $10 billion annually.

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

Original content

In June 2024, Vietnam's aquatic product exports reached the highest level since the beginning of the year, and most major export commodities showed a significant increase. Among them, the export volume of tra fish increased by 22%, tuna increased by 40%, and crab increased by 59%; shrimp products increased slightly by 7%. In the first half of this year, the export value of shrimp exceeded US$1.6 billion, an increase of more than 7% year-on-year. Among them, the export value of lobster increased by 56 times year-on-year, exceeding US$130 million. In the first six months of this year, the export value of tra fish reached US$922 million, an increase of nearly 6% year-on-year. Compared with shrimp and tra fish, the export growth of tuna in the first half of the year was more prominent, increasing by nearly 25%, and the export value reached US$477 million. In 2023, the export volume of tuna to most markets increased year-on-year, and the export value of Vietnam's two largest tuna ...

Source: Foodmate