Japan is Vietnam's largest seafood importer

Published 2023년 4월 13일

Tridge summary

Vietnam has experienced a growth in seafood exports to Japan, with various fish and squid being the main products. However, the frozen seafood segment faces tough competition in the US market from other countries. Despite China being a potential large market, exports have decreased by 22% in the first quarter. Inflation in major seafood export markets, including the EU, US, Japan, and South Korea, is leading to reduced export prices and increased economic pressure on consumers, posing additional challenges for Vietnamese seafood exporters.

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

Original content

Specifically, seafood exports to Japan increased mainly from exploited seafood products such as: squid, scad, pollock, tuna, mackerel, etc. Regarding the US market, consumption was mainly in the segment. Frozen products. With this segment, Vietnam is under great competitive pressure in terms of both supply and price with other countries such as India, Ecuador, and Indonesia. Also in the first quarter, seafood exports to China reached nearly 255 million USD, down 22%. According to the Vietnam Association of Seafood Exporters and Producers, China will become the largest export market of Vietnam's seafood, but the competitive pressure is great because exporters in other countries are also focusing on Vietnam. enter this market after opening. Exports to ...

Source: Vov