Exports of fish products from Vietnam increased by 6.5% in five months

Published Jun 15, 2024

Tridge summary

Vietnam has experienced a significant increase in agricultural exports, with tuna exports up by 25% to nearly US$397 million, canned tuna being preferred by inflation-weary consumers. The US, EU, and Israel were the main importers. Crab exports also surged by 84% to US$101 million, with China and Japan as the largest buyers. Pangasius exports saw a slight 3% increase to nearly US$755 million, and shrimp exports were valued at US$1.3 billion, up by 7%. Exports to the US, Japan, EU, and the Republic of Korea showed positive growth, while shipments to China fell by 8% due to economic stagnation. Vietnamese pangasius has gained a strong foothold in the Chinese market as importers have shifted to more affordable options.

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Original content

Tuna exports during the period increased by 25% year-on-year to nearly US$397 million. Nguyen Ha, a tuna market specialist, said that as inflation-weary consumers began to save money, demand for cheaper products such as canned tuna was strong during the period, adding that the US, EU and Israel were the biggest importers. Supplies of these products to other Middle Eastern countries such as Lebanon and Greece have also increased significantly, she added. Crab exports during this period increased by 84% compared to the previous year and amounted to US$101 million, with China and Japan being the largest buyers. Exports of pangasius were nearly US$755 million, up slightly by 3%, and shrimp were worth US$1.3 billion, up 7%. According to VASEP communications director Le Hang, Vietnam's export markets are showing signs of recovery in both demand and prices, with fish shipments to the US, Japan, EU and the Republic of Korea (ROK) showing positive growth from 5 to 26% in May. . As of the ...

Source: Fishretail