Seafood exports of Vietnam to China falls deeply

Published 2021년 6월 30일

Tridge summary

Vietnam's seafood exports to China have seen a decline due to China's strict COVID-19 inspections on imported seafood, leading to a decrease in imports of fresh and frozen products. However, there has been a rise in imports of dry and processed goods. The decrease affects all major product groups, with shrimp and other marine fish experiencing the most significant drop. This situation has resulted in a shift towards the export of processed products and a potential shift in whitefish processing activities from China to Vietnam. The Vietnam Association of Seafood Exporters and Producers (VASEP) is advocating for the rapid vaccination of seafood processing factory workers to stabilize and maintain production.

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

Original content

Increase processed products According to the Vietnam Association of Seafood Exporters and Producers (VASEP), while major markets such as the US and EU reopened and sharply increased Vietnam's seafood imports, China's increasingly tightened inspection Corona virus on frozen seafood products imported from other countries has caused Vietnam's seafood exports to this market to decrease continuously in the past 2 months. Specifically, from April 2021, seafood exports to China decreased by 11%, and continued to decline further in May, with a decrease of 22%. In which, exports fell sharply in all major product groups: shrimp down 35%, other marine fish (except tuna) down 23%, pangasius down 5%. By the end of May, shrimp exports to China decreased by 19%, reaching 137 million USD, accounting for 34% of seafood export value to this market. Pangasius surpassed shrimp, accounting for 41% to reach 165.5 million USD, a slight increase of 2%. Exports of marine fish decreased by 5% to nearly ...

Source: Vinanet