Vietnam: In the first quarter, seafood exports are forecasted to be difficult
Seafood
Vietnam
Published Apr 1, 2023
Tridge summary
VCN - Although seafood exporters have made great efforts to expand markets and seek orders, many key export products have fallen deeply, dragging down export results in the first quarter of 2023. down 27% over the same period.
Original content
Shrimp exports down 40% According to statistics of the General Department of Customs, by mid-March 2023, Vietnam's seafood exports reached $1.4 billion, down 28% over the same period last year. Estimated exports in the first quarter of 2023 will reach about 1.85 billion USD, down 27% compared to the same period in 2022. Particularly in March 2022, seafood exports were estimated at 780 million USD, down 24% compared to the same period in 2022. Exports of key products still decreased by 8-39%. In which, shrimp exports decreased by 39%, pangasius decreased by 23%, tuna decreased by 33%, squid and octopus decreased by 8%. However, the export of other marine fish species still grew by 11% over the same period last year. According to Ms. Le Hang, Communications Director of the Vietnam Association of Seafood Exporters and Producers, by the end of the first quarter of 2023, shrimp exports brought in 577 million USD, down 40%, pangasius reached 447 million USD, low. over 32% y/y and tuna ...
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