News

After 4 years of implementing the CPTPP, seafood exports from Vietnam to Australia ranked 6th

Seafood
Vietnam
Australia
Published Apr 11, 2023

Tridge summary

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), Australia used to be Vietnam's 9th largest seafood import market in 2018. In 2019, the CPTPP Agreement came into effect. By 2022, after 4 years of implementing the CPTPP, Australia has become the sixth largest single market for Vietnamese seafood. From 2018 to 2022, in the top 6 markets, only Australia has continuously increased seafood import turnover from Vietnam. From 197 million USD in 2018, seafood exports have increased by 85% to 365 million USD in 2022. The share of the Australian market therefore also increased from 2.2% to 3.3% of Vietnam's total seafood exports. . According to analysis by Ms. Le Hang, Communications Director of VASEP, the open market along with tariff incentives from the CPTPP free trade agreement brings opportunities to increase seafood exports to Australia in recent years. . A sudden increase and accounting for the largest proportion of products exported to Australia after 4 years is whiteleg shrimp.

Original content

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), Australia used to be Vietnam's 9th largest seafood import market in 2018. In 2019, the CPTPP Agreement came into effect. By 2022, after 4 years of implementing the CPTPP, Australia has become the sixth largest single market for Vietnamese seafood. From 2018 to 2022, in the top 6 markets, only Australia has continuously increased seafood import turnover from Vietnam. From 197 million USD in 2018, seafood exports have increased by 85% to 365 million USD in 2022. The share of the Australian market therefore also increased from 2.2% to 3.3% of Vietnam's total seafood exports. . According to analysis by Ms. Le Hang, Communications Director of VASEP, the open market along with tariff incentives from the CPTPP free trade agreement brings opportunities to increase seafood exports to Australia in recent years. . A sudden increase and accounting for the largest proportion of products exported to Australia ...
Source: Vinanet
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