Demand for Vietnamese seafood in EU and US markets picks up, boosting export earnings

Published 2024년 9월 24일

Tridge summary

Vietnam's seafood exports have seen significant growth, with shrimp, pangasius, tuna, and other marine fish experiencing double-digit or triple-digit increases, except for squid and octopus which declined by 15% in August. Shrimp exports reached $2.4 billion in the first eight months, with whiteleg shrimp at $1.75 billion and black tiger shrimp at $290 million. Pangasius exports totaled $1.3 billion, with a 23% increase to the U.S. and a 3% decrease to China. VASEP forecasts total seafood exports to hit $9.4-9.5 billion this year, a 6% rise from 2023.

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Original content

ASEP reported that except for squid and octopus (which fell 15% in August), all other major products achieved double-digit or triple-digit growth in exports. Shrimp exports increased by 30%, pangasius by 18%, tuna by 13%, and other marine fish by 12%. In the first eight months of this year, shrimp exports amounted to $2.4 billion, up 9% year-on-year, of which whiteleg shrimp exports amounted to $1.75 billion and black tiger shrimp exports amounted to $290 million. Demand for shrimp products in Europe and the United States has begun to increase, which is a positive sign for Vietnam's shrimp export trade. In the first eight months of this year, Vietnam's pangasius exports amounted to $1.3 billion, up 9% year-on-year, of which exports to ...

Source: Foodmate